THE RESTLESS MISCREANT: HYPER-D PART II.
And so, as the mother of all bubbles pops, the politicians and the economists discredited, we’ll eventually return to a new era of financial responsibility and, later, renewed prosperity. But don’t hold your breath – Alice has gone through the looking glass and is going to come back out badly beaten and half-naked. Bernanke and others, however, will continue to believe that you can inflate and spend your way out of a secular collapse but, when all is said and done, I think it will be shown that he just went Greenspan one better. A rotten core does not offer up a sweet fruit.