Demand ‘Stimulus’ Has Not Worked – It’s Time To Tell The Truth About Debt
Via EmileWoolfWrites.co.uk,
ZeroHedge.com
11/09/2015
Repeated dosages of quantitative easing to kick-start economic recovery have proved totally ineffective everywhere. Yet central bankers are talking about doing it again – in larger amounts. The obsession with spending rather than saving has led governments everywhere to suppress interest rates to near zero. Under this destructive economic model governments are the worst offenders. In their craze to spend cheap money they allocate resources blindly into projects of dubious viability, for which there was no public demand in the first place. Result: huge taxpayer-borne losses.
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