We caught up with Alasdair Macleod
today. The Japanese government’s recent actions have helped further
destabilize the world economy. Japan’s rapidly aging population now
needs their savings to live on. Therefore, they have no choice but to
print the difference. This is spreading across the world to newly
developing countries. Stocks markets around the world, with the
exception of the US, are in trouble. The limitations of money printing
will shortly become apparent. Therefore, prices are going to go way
higher and so will interest rates. Therefore, a new phase of the crisis
is sure to emerge shortly. Governments need to admit once and for all
that Keynesianism has outlived its usefulness.
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