WELL...THAT ONLY SAYS ONE THING....?
GOTTA PRINT MORE DOLLARS...!!
BUT FEAR NOT!! I HAVE CONFIDENCE THAT THE FED AND WASHINGTON WILL BE UP TO THE JOB...!!
I'M JUST A SWEETNESS AND LIGHT KINDA GUY TODAY...
BUT THE REAL PROBLEM IS NOT PRINTING DOLLARS...ITS THE VELOCITY OF THOSE DOLLARS IN THE ECONOMY...
WITH THE RICH HAVING HOARDED HUGE AMOUNTS OF WEALTH...AND THE BANKS, IF ANY, STILL AFRAID TO "LEND" TO THE BANKRUPT AND INCREASINGLY JOBLESS "GREAT UNWASHED..."
MONEY IS JUST SITTING AROUND...! LIKE A LIMP DISH RAG...
THIS IS LIKE THE MIDDLE AGES...WITH 95% OF THE WEALTH CONCENTRATED IN A FEW FAMILIES...AND EVERYONE ELSE PISS POOR...
UNTIL POPE CLEMENT, THE FIRST KEYNSIAN, DECIDED THAT THEY NEEDED A WAR...ANY WAR...!
HOW ABOUT A WAR TO "FREE THE HOLY LAND"...
AND THUS, GET MONEY MOVING AGAIN...!!
THE CRUSADES WERE THE FIRST KEYNSIAN... "JOBS PROGRAM"...!
THEY "JUMP STARTED" THE MIDDLE AGES ...
AND GOT PEOPLE AND MONEY MOVING FOR THE FIRST TIME SINCE ROME COLLAPSED FROM IT'S VERSION OF HYPERINFLATION...!!
THANKS TO THE CRUSADES....LEARNING AND COMMERCE PICKED UP...BECAUSE THE VELOCITY OF MONEY PICKED UP...!
OF COURSE THEY ALSO PICKED UP THE PLAGUE, WHICH WAS A "TEMPORARY" INCONVENIENCE...NOT UNLIKE OUR AIDS EPIDEMIC TODAY...
SO THE NOTION OF JUMP STARTING THE ECONOMY AND KEYNESIAN ECONOMICS HAVE BEEN AROUND SINCE THE MIDDLE AGES...
ONLY WE DIDN'T HAVE ECONOMISTS AND FED CHAIRMEN BACK THEN...
JUST WITCHES AND POPES...!
LETS HOPE THIS "JUMP START" DOESN'T TAKE 600 YEARS TO ACCOMPLISH!
