What a GOOD idea, Maynard........................from Rico

In the realm of "not a very good idea" Maynard Keynes reigns supreme.

- Keynesian economic theory is based on money that 'rots' and 'rusts'...

 

His 'theory' embraces a debt-based currency that "rots like potatoes" and "rusts like iron" [read: inflation] and encourages people-corporations-governments to borrow rather than save...which leaves them with no savings [duh] and only debt.

- Access to credit is not access to wealth.

- Access to credit is access to debt.

 

When that rainy day comes, you'll survive if you have savings [wealth] but you will not if all you have is debt.