The endgame of monetary side manipulations is upon
us. Since 2008, central banks have done what they thought was needed to bring
the markets back from the pain they experienced during the crash. The problem,
of course, is that these Keynesians and Monetarists placed the high level of
stock markets as the goal of “policy” and confused booming asset levels with
economic growth. The enemy of prosperity, in the eyes of global economic
policymakers, is the desire of the consumer to save and businesses to refrain — even in the short
term — from investment. As such, their “solution” was the very poison that has
infected the Western world over the decades: more credit, lower costs of money,
more push for “consumer demand.”
The proper economic way of thinking does not blame
the economic pain on savings, nor does it desire an artificial,
government-driven, attempt to coax people into consuming and “investing.” In
fact, the economic reality of the situation is that savers are to be praised,
not admonished; and that the refraining from consumption is the very means by
which malinvestment can be most swiftly liquidated. March 16 https://mises.org/library/we-need-pain-comes-more-saving
This
article from the Mises Institute, Auburn, Alabama comes just days before a
T-square between Venus – Jupiter – Saturn. As the square tightens, there are
three exact aspects (a) Venus-Jupiter opposition (b) Jupiter-Saturn square and
(c) Venus-Saturn square. Charts for each of these can be meaningfully analyzed.
Presented here is the chart for the Venus-Saturn square at Auburn. Notice that
the T-square straddles the meridian
exactly and therefore is conveying its
message at this place Venus-Jupiter aspects are about rich living, extravagance
and expenditure while Venus-Saturn is about savings and thrift. . Here since Saturn
is at the apex of the T-square it holds
the key to the solution of the dilemma posed by the T. So the author rightly
concludes that not over consumption but savings
and thrift are the right answers to the current problems.
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