RSS Feed
April 16th, 2012 
FAKE NEWS for the Zionist agenda 
Zero Hedge
April 16, 2012
In a little under eight minutes, a plethora of today’s more outspoken realists, economists, and journalists provide a simple yet clear path through the financial crisis to critically explain how the so-called equilibrium that so many mainstream analysts and economists trusted as fact has been proven as simple fiction. The hard-to-accept truth is that financial instability is in fact the natural state of our economic environments and that credit and banking lie at the very heart of that difference between Keynesian / Neo-classical dogma and the tough new reality that the world’s major economies now face. The political and economic elite have “blind-sided themselves to the role of rising debt in funding what is really the biggest ponzi scheme in human history” and that the “blind-faith in institutions and mechanisms has cracked post-2007″. From too-simple DSGE ‘economic models’ to ‘representative agents’ to the fact that financial systems are the cause of economic instability, a number of the new normal’s best thinkers (including Stiglitz, Keen, Kinsella, and Bezemer), courtesy of INETeconomics, provide a very layman’s guide to the (hopefully not so shocking to our readers) new reality of how critical credit and debt is in our brave new world and how entirely misrepresented it is in mainstream thinking. Must Watch, if for nothing else, the crushing conclusion for many neo-classicals that when you can’t tweak your models any more, you need to move on to some next paradigm.
Print this page.
One Response to “Financial Instability For (Keynesian) Dummies”
Leave a Reply
You must be logged in to post a comment.
Posted in 
Tags: 
What do Economist, Psychologist, Tasseographist, and Priest all have in common?
They are never held accountable for the complete failure of their predictions or their utterly illogical ideologies. Each failure is quickly attributed to some minor misinterpretation and a new prediction is issued. The possibility that they’re whole endeavor may be totally wrong is never considered.