Yes, it does. In the case of the 2008 crisis, on housing.
I do actually agree with you there, but I'd say it was more like facilitating business as usual than causing it.
Minus the bailout, housing values should have collapsed back to their historical 3x single workers pay mean.
Causing a much more serious depression. Which would you have chosen? Massive unemployment, hunger, social instability or kicking the can down the road?
Probably going to happen anyway, so we should've used the time to prepare. Alias we got worse narcissists in charge instead :)
This [w]own't happen as long as his spending is balanced by his taxation. iirc he's said £120bn extra taxes, so he can spend at least that with no inflation.
I'm not sure you are following me there. Ignoring all the bullcrap about government debt vs level of taxation vs inflation, the problem with the UK is that we import more than we export - therefore living beyond our means. People/government spending more would increase this problem, we need to create more.
Can't happen as long as bankers get to create money out of thin air. They'll just bid their way into any other market.
This is interesting. I'd refrain from the "create money out of thin air" explanation if I were you because it distorts what banks actually do (although it is more accurate than saying banks lend deposits).
We need some way of controlling the group psychology dynamic that promotes disturbed characters above more stable ones. Distributing power more widely would be one possibility - creative ability used as collateral maybe? Disturbed characters seem to be mostly useless when it comes to creative endeavours (other than distorting and manipulating).
The original crash hasn't ended. In fact it's barely begun. The 2008 moment was a blip.
Can't argue with you there. There have been some attempts at an orderly transition though e.g. IMF quota reforms. I guess we'll have to look to the US to find out whether reform is 'acceptable' - more war or reform?
But it will fail for the same reasons that the neo liberal version doesn't work - no pricing feedback.
Agreed, which is why massive corporate supply chain control has distorted the global economy. TTIP would make this worse.
The solution is the same as it's always been. More power to people and less centralization.
Pessimism of the intellect, optimism of the will
Antonio Gramsci