The Science Degree competent people can produce surplus amounts of real livestocks, meanwhile the Art Degree incompetent people who run the payment system can't see a way to establish enough of a unit of abstraction that they continue to objectify... then thru this objectification, it can appear to the unqualified mind, that shortages are possible and then its straight to "we're out of money!".
China has themselves going quite a nice credit shortage this year due to this widespread cognitive deficiency manifested here in their Monetarist beliefs....
All we can do is hope we can dodge a bullet here and have these Monetarist morons this time in China not double down and add another trillion of CNY reserve assets to their depositories to "lend out!" in response or down we go again...
China company pays its bondholders in ham instead of cash https://t.co/IAME8U935s pic.twitter.com/3mGXkSZadD
— ST Business Desk (@stbusinessdesk) November 9, 2018
3 comments:
Art major!
I’m a genius!
I’m a trained electrician!
None of you are qualified!
You’re all sheep and lemmings!
You guys are biased against war!
…repeat…
Lesson in economic theory for people living in white houses....
Imposing import tariffs all else equal will raise the value of your currency which makes it easier to import stuff and more difficut to export, which destroys exporting jobs.
Ahrrrrrrrrh!!!
“Imposing import tariffs all else equal will raise the value of your currency”
I don’t see how that follows Ralph... can you run me thru the steps...
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