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Spot The Difference: It's Keynesian Idiocy Groundhog Day, All Over Again

Tyler Durden's picture




 

if it doesn't work at first, as this headline from December 2014 shows...

 

... just hope nobody remembers it a year later, when China took advantage of the abovementioned "room for easing" and cut rates 6 times with absolutely no effect - for the economy that is which overnight reported its worst deflation numbers in years - and plow on with the Keynesian idiocy of doing more of what hasn't worked, praying that this time it will be different, as this identical headline from November 2015 confirms.

 

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Tue, 11/10/2015 - 11:23 | 6772166 venturen
venturen's picture

you are missing 6 other years

Tue, 11/10/2015 - 11:23 | 6772169 Croesus
Croesus's picture

Quote Yogi Croesus: "It's kick-the-can-down-the-road, all over again". 

Tue, 11/10/2015 - 12:08 | 6772386 glenlloyd
glenlloyd's picture

Easing everyone into poverty

Tue, 11/10/2015 - 12:51 | 6772664 Fish Gone Bad
Fish Gone Bad's picture

Not the bankers.

Tue, 11/10/2015 - 11:28 | 6772192 Bunga Bunga
Bunga Bunga's picture

The Easing Economy, will go on for 1,000 years.

Tue, 11/10/2015 - 11:53 | 6772297 Temporalist
Temporalist's picture

Yes but it will work and in year 1001 you're going to finally admit that it was totally "worth."

Tue, 11/10/2015 - 12:03 | 6772346 franciscopendergrass
franciscopendergrass's picture

Is this the same promise as the thousand year reich?

Tue, 11/10/2015 - 11:31 | 6772193 Francis Marx
Francis Marx's picture

 

 

 Insanity: doing the same thing over and over again and expecting different results

Albert Einstein

 

Tue, 11/10/2015 - 15:03 | 6773516 Tall Tom
Tall Tom's picture

This is the most misused quote from Einstein.

 

He said it to ridicule the idea of the Modern Physics of Quantum Mechanics, a valid and descriptive science.

 

Einstein was the last of the Classical Physicists.

 

But he was wrong when he said it. God does play dice with the Universe.

 

You'd not be posting it here on this page if Quantum Mechanics did not work.

Tue, 11/10/2015 - 15:11 | 6773563 Zoomorph
Zoomorph's picture

Quantum Mechanics is a theory. It may be better than classical theories (ie. make humans more adept at controlling the world around us) but that doesn't make it right.

Tue, 11/10/2015 - 11:31 | 6772207 Bill of Rights
Bill of Rights's picture

" We print, therfore we are '

Tue, 11/10/2015 - 11:40 | 6772237 undercover brother
undercover brother's picture

It was easy for keynesian economic theory to worm its way into naitonal politics, because they are for all intents and purposes, identical.  A failed government program is never cancelled, instead its political sponsors claim it was underfunded and keep it going.  Sound familiar?  

Tue, 11/10/2015 - 11:43 | 6772259 Don'tDoToo
Don'tDoToo's picture

no worries - moar chinese smog! (this time next year)

Tue, 11/10/2015 - 11:47 | 6772277 Ex Cathedra
Ex Cathedra's picture

More lunatic rants from the deranged far-right nut cases.

Tue, 11/10/2015 - 11:49 | 6772283 nakki
nakki's picture

By the way how's Greece doing? Everything is fixed in Puerto Rico and Illinois is paying out its lottery winners, right? I'm sure that if Europe and Japan and China and Brazil and the US could just QE one more time everything would be fine. 

Perhaps if the .01% in the world would just buy that 3 or 4th house this "upstairs downstairs" economy would really kick in.

Perhaps China could build another 20 ghost cities and malls and the 900,000,000 making $10 a day could buy some real estate. Remember if no one has lived there for 5-7 years its still NEW. Don't worry about the upkeep properties take care of themselves.

Tue, 11/10/2015 - 11:50 | 6772285 Sudden Debt
Sudden Debt's picture

The crede of the 21th century: THERE'S ALWAYS MORE ROOM FOR EASING!!!

Tue, 11/10/2015 - 12:31 | 6772537 Yen Cross
Yen Cross's picture

    Those headlines belong in 'Websters Dictionary', under the definition of insanity.

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