To say that Modern Economics is a colossal failure, is an asinine understatement. It has spread poverty across the globe on an unprecedented scale, and the major deflation has yet to take place. The macroeconomic theories of the day - Fiscal, Monetary, *Free* Trade, Supply Side PonziNomics, are all a bag of shite. The idea of top down management of an economy is a pure fantasy, and nowhere is that more visible than in China, the falling star of Globalization.
ZH: Oct. 8, 2014
Winter is de facto.