I am sorry, I had to post this article - for comic relief that is. I couldn't hold myself laughing, especially during that second half of the interview. Just printing money to pay off debt...setting up banks to create credit out of thin air...stock market and gold manipulated downwards...we are starving - say no to austerity...just selling the Chinese our products instead of buying theirs...buy bonds. Granted, some points in there might be correct or inevitable. But the lady seems completely clueless about basic economics and just shooting blind in the dark. Do I have to mention it, such concepts as "at the margin", "faith of the creditor in the debtor", "the vicious circle of leverage", "boom and bust cycles". I can't believe that Ms. Brown made a name for herself, and some people even call it a movement. No voodoo science for me, please.
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I am sorry, I had to post this article - for comic relief that is. I couldn't hold myself laughing, especially during that second half of the interview. Just printing money to pay off debt...setting up banks to create credit out of thin air...stock market and gold manipulated downwards...we are starving - say no to austerity...just selling the Chinese our products instead of buying theirs...buy bonds. Granted, some points in there might be correct or inevitable. But the lady seems completely clueless about basic economics and just shooting blind in the dark. Do I have to mention it, such concepts as "at the margin", "faith of the creditor in the debtor", "the vicious circle of leverage", "boom and bust cycles". I can't believe that Ms. Brown made a name for herself, and some people even call it a movement. No voodoo science for me, please.