From Keynesian Shangri-La To Outright War
by Mark St.Cyr
ZeroHedge.com
01/26/2015
The problem with all Keynesian styled philosophy is, it works well, and seems utterly brilliant on paper and in the classrooms of academia – when trouble arises its “To the text books!” for answers and BAM! ā crisis solved. However in the real world it doesn’t work that way. Just like war, when the battle starts, all earlier plans get thrown in the dust heap. And make no mistake, this was all started via armchair generals who believed monetary policy could be managed from within the Ivory Towers of academia and the consequences of these policies are multiplying by the day. >As Mike Tyson once said so eloquently: (Iām paraphrasing) “Everybody’s got a plan ā till someone punches them in the face.” The SNB has just landed the first blow. Now what?
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