Austrian Theory, Central banks, Corporatism, Credit, Economics, Entrepreneur, Federal Reserve, Fiscal policy, Inflation, Intervention, Liberty, Macro, MMT, money supply, Planning, Production, Saving, savings glut, Technocracy
Saturn Devours His Children
A recent Wall St Journal article gave vent to a scare-story full of Underconsumptionist claptrap, carried under the catchy headline: “The Coronavirus Savings Glut”. Ironically, and only a day later, the paper ran a second piece entitled “How Coronavirus Upended a Trillion-Dollar Corporate Borrowing Binge and Kicked Off a Wave of Bankruptcies