Which Leads to Doom, Which Leads to Revival: Free Money or Frugality?
by Charles Hugh-Smith Clinging to delusional fantasies of “free wealth” won’t lead to positive outcomes, any more than swallowing handfuls of meds leads to “free health.” Under various guises, labels and rationalizations, “free money” has now been established as the default policy fix for any problem. Stock market falters? The solution: free money! Economy falters? The … Read more