--

Good thinking but you are at the wrong gate. Stagflation and rents yes, but why? Because it is all a huge Ponzi scheme run for the sole benefit of the neorentier class. Note: https://medium.com/@daneke/when-the-wank-became-swank-money-banking-and-the-evolution-of-the-all-debt-economy-22e334f8ee3e

PS: By the way, polls don't really tell you much when the average American does not know how the system works. And 30% think that Trump is a great businessman. It is like that Bob Dillon song, about you know something happening, but you don't know what it is.

--

--

Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

No responses yet