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The Fundamental Problem...
Posted on: June 5, 2023 at 21:39:31 CT
JeffB MU
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The Fundamental Problem
The fundamental problem is best viewed as a combination of unsound currencies, unsound central bank policies, and unsound fiscal policies that manifest in different ways in different countries.
But every country has the same thing in common: "someone will eventually have to take the losses."
That we are in such a quagmire over that unavoidable truth is not the problem. It's a symptom of the primary underlying problem, unsound currencies, everywhere.
https://mishtalk.com/economics/whats-the-fundamental-problem-in-china-the-us-and-the-eu
The fundamental problem is best viewed as a combination of unsound currencies, unsound central bank policies, and unsound fiscal policies that manifest in different ways in different countries.
But every country has the same thing in common: "someone will eventually have to take the losses."
That we are in such a quagmire over that unavoidable truth is not the problem. It's a symptom of the primary underlying problem, unsound currencies, everywhere.
https://mishtalk.com/economics/whats-the-fundamental-problem-in-china-the-us-and-the-eu
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The Fundamental Problem... - JeffB MU - 6/5 21:39:31