I think the graph below speaks for itself. But in case it's not clear, the graph compares the "Monetary Base" which is the narrowest definition of money supply vs the S&P 500 weekly closes since 1/1/09. The conclusion I draw is that the "recovery", at least as it is defined by the stock market, is illusory and 83% a function of the PRINTING PRESS!
Tuesday, March 16, 2010
Krugman and his Phlogistonomics
Peter Schiff drills the Keynesian...
http://www.youtube.com/watch?v=11WlFlO_mDg&feature=player_embedded
Keynesianomics explained:
consumption creates profit
profit creates production
production creates income
income creates consumption
Any physicist would instantly recognize this goofy-ass theory as "perpetual motion machine" nonsense
The real way economics works...
CONSUMPTION comes from CAPITAL
CAPITAL comes from INVESTMENT
INVESTMENT comes from SAVINGS
SAVINGS comes from DEFERRED CONSUMPTION
Try this on the next Keynesian clown you come across and watch them flop around trying to make sense of it.
http://www.youtube.com/watch?v=11WlFlO_mDg&feature=player_embedded
Keynesianomics explained:
consumption creates profit
profit creates production
production creates income
income creates consumption
Any physicist would instantly recognize this goofy-ass theory as "perpetual motion machine" nonsense
The real way economics works...
CONSUMPTION comes from CAPITAL
CAPITAL comes from INVESTMENT
INVESTMENT comes from SAVINGS
SAVINGS comes from DEFERRED CONSUMPTION
Try this on the next Keynesian clown you come across and watch them flop around trying to make sense of it.
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