Failure of the New-New Economics

What is being thrown around today aren’t new ideas. They’re old ideas that have failed before, and will fail again. Various measures might be talked about, but they’ve been long refuted. Not only that, but have failed. They are causing the collapse of the monetary system, and it will do the same to the system they come up with to replace it. We can use the Nietzschean phrase “eternal recurrence.” That’s not how he meant it, but it’s certainly apt here.

There’s absolutely no doubt the new monetary system will be called “dynamic” or something similar. This will give the appearance that the old system is unchanging, and the new system is progressive. It really depends on what they mean by “dynamic.” Economic laws are unchanging, and what they mean is that these laws are dynamic and can be changed. What entrepreneurs do is dynamic. Economic laws aren’t.

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