The United States In Particular And The

The Public Has No Idea That The Deficit Has Been Falling Like A Stone.

The World Economy Is In A Nosedive, And Understanding What I Call "depression Economics" - The Weird World You Get Into When Even A Zero Interest Rate Isn't Low Enough, And A Messed-up Financial System Is Dragging Down The Real Economy - Is Essential If We're Going To Avoid The Worst.

Until The Great Depression, Most Economists Clung To A Vision Of Capitalism As A Perfect Or Nearly Perfect System. That Vision Wasn’t Sustainable In The Face Of Mass Unemployment, But As Memories Of The Depression Faded, Economists Fell Back In Love With The Old, Idealized Vision Of An Economy In Which Rational Individuals Interact In Perfect Markets.

...instead It Seems That Business - Like Weight Loss - Is A Subject Wherein Hope And Fear Inspire Limitless Gullibility.

You Really Have To Go Searching Desperately To Find Any Contemporary Examples Of Good, Old-fashioned Runaway Inflation.