Saturday, July 25, 2015

The Keynesian System Causes a Deflation Death Spiral

"In a Keynesian system deflation is something that causes a death spiral that they can't get out of, and so what they've got to do is combat it with currency creation and all that does is warp the economy further and cause more wealth transfer, it causes the poor and middle class to get poorer, it wipes out the middle class and only enriches a few."

- Mike Maloney, from our WealthCycles Video Reports 2015