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Thursday, March 05, 2009 4:33:51 PM
continued:
In fact, TARP is Milton Friedman's theory all the way. During the Great depression we learned that it was the collapse in the velocity of money which caused the 15 years of depression. When the velocity slows down there is deflation of the currency.
A week's labor was exchanged for a $2.00 salary and considered lucky to be received.
That is why Obama has been advised by all these moron economists to spend money. But what we have now is not caused by economics, it is caused by corruption and theft.
In fact, TARP is Milton Friedman's theory all the way. During the Great depression we learned that it was the collapse in the velocity of money which caused the 15 years of depression. When the velocity slows down there is deflation of the currency.
A week's labor was exchanged for a $2.00 salary and considered lucky to be received.
That is why Obama has been advised by all these moron economists to spend money. But what we have now is not caused by economics, it is caused by corruption and theft.
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