ALAS...THE FED MISUNDERSTOOD THE GOALS OF KEYNESIAN ECONOMICS...
IT WAS NOT TO FEED THE OLD ZOMBIES...
BUT TO "WATER" THE NEW SEEDLINGS THAT SPROUT OUT OF ANY CONFLAGRATION...
EVERYONE IS STILL TALKING ABOUT THE "OLD BUBBLES"....LIKE "REVIVING HOUSE PRICES."
BUT UNTIL THEY QUIT THAT LINE OF REASONING...NOTHING WILL BE ACHIEVED.
KEYNES DID NOT TRY TO REVIVE THE OLD BUBBLES OF THE 1920'S...BUT RATHER TO ASSIST THE NEW ENTERPRISES THAT SURVIVED THE CRASH AND THE RESULTING DEFLATION...
THAT IS THE REAL PURPOSE OF KEYNESIANISM...NOT TO BAILOUT THE FAILED BUBBLE CRIMINALS...
BUT TO ASSIST THE POST-BUBBLE ECONOMY...TO GET STARTED AGAIN.
