Wealth Systems

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Wealth Systems
Wealth Systems
Modern Economics is a Lie

Modern Economics is a Lie

And We Built Everything On Those Lies

Matt McDonagh's avatar
Matt McDonagh
Nov 16, 2024
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Wealth Systems
Wealth Systems
Modern Economics is a Lie
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Timing the market is notoriously difficult as perfectly captured in this quote:

“The market can remain irrational longer than you can remain solvent.”

One of the kings of modern economic theory John Maynard Keynes said that.

While that statement rings true today a great deal of the ideas of Mr. Keynes have proven false when put into practice. Here’s the problem: the entire central banking apparatus that the world uses as an operating system is based on these miscalculations. It might be fair to call them lies told to make it easier to steal the time of the masses alongside what little wealth they have, too.

Keynes argued that governments should play an active role in managing the economy, particularly during times of recession or depression. He advocated for using fiscal and monetary policies to “stabilize the economy and promote full employment”.

Keynes was also a key figure in the establishment of the Bretton Woods system after World War II. This system created a framework for interna…

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