PERHAPS WE HAVE FALLEN THROUGH THE POST-KEYNESIAN LOOKING GLASS INTO A BRAVE NEW WORLD OF FREE TRADE, PAPER ASSETS, AND GLOBAL EXCESS CAPACITY...
THIS SITUATION IS DISEASED IN ANY NUMBER OF WAYS...
MY PROBLEM WITH KRUGMAN'S POST KEYNESIAN ORTHODOXY...IS THAT IS THAT KEYNES NEVER ANTICIPATED THE DELIBERATE "ASSET BUBBLES" THAT THE FED CAUSED IN THE 1990'S...
KEYNES WOULD NEVER HAVE THOUGHT THAT THE US CENTRAL BANK...THE "BLESSED" FED...WOULD BECOME THE SLAVE OF WALL STREET...IN A NEW PERVERTED WORLD OF BLIND GLOBALISM AND FREE TRADE ON STEROIDS...THAT WOULD TOTALLY DE-INDUSTRIALIZE THE WEST...IN THE NAME OF CHEAP LABOR...TO THE POINT WERE THE US ECONOMY BECAUSE A HOLLOWED OUT ZOMBIE AS IT IS TODAY.
