Out Into the World

Is'nt that special! this nation of garbage re-cyclers wants the world to recognize it as a benevolent entity, but in reality, it is the most lowest form of human degradation. As with all "asian" sub-human species, the mentality of these "people"is at best a ridiculous sham of accuisition, and attempts at power.
Hey, China, bug off!

<b>Sorry! Quantitative Easing Won't Work</b>

In a Liquidity Trap although Saving (S) is abnormally high investment (I) is next to 0.

Hence, the Keynesian paradigm I = S is not verified.

The purpose of Quantitative Easing being to lower the yield on long-term savings it doesn't create $1 of investment.

It does diminish the yield on long-term US Treasury debt but lowers marginally, if at all, the asked yield on savings.

This and other issues are explored in my tract:

<b>A Specific Application of Employment, Interest and Money
Plea for a New World Economic Order</b>


Abstract:

<i>This tract makes a critical analysis of credit based, free market economy, Capitalism, and proves that its dysfunctions are the result of the existence of credit.

It shows that income / wealth disparity, cause and consequence of credit and of the level of long-term interest-rates, is the first order hidden variable, possibly the only one, of economic development.

It solves most of the puzzles of macro economy: among which Business Cycles, Stagflation, Greenspan Conundrum, Deflation and Keynes' Liquidity Trap...

It shows that no fiscal or monetary policy, including the barbaric Quantitative Easing will get us out of depression.</i>

<b>A Credit Free, Free Market Economy will correct all of those dysfunctions.</b>


The alternative would be, on the long run, to wait for the physical destruction (through war or rust) of most of our productive assets. It will be at a cost none of us can afford to pay.

<b><a href="http://www.17-76.net/interest.html">A Specific Application of Employment, Interest and Money</a></b>
http://www.17-76.net/interest.html