{"id":37847,"date":"2018-09-16T08:11:31","date_gmt":"2018-09-16T13:11:31","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37847"},"modified":"2018-09-16T08:11:31","modified_gmt":"2018-09-16T13:11:31","slug":"honest-work-for-dishonest-pay","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37847","title":{"rendered":"Honest Work for Dishonest Pay"},"content":{"rendered":"
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Honest Work for Dishonest Pay<\/a><\/h3>\n

Misadventures and Mishaps<\/strong><\/p>\n

Over the past decade, in the wake of the 2008-09 debt crisis, the impossible has happened.\u00a0 The sickness of too much debt has been seemingly cured with massive dosages of even more debt.\u00a0 This, no doubt, is evidence that there are wonders and miracles above and beyond 24-hour home deliveries of Taco Bell via Door Dash.<\/p>\n

\"\"<\/a>The global debtberg: at the end of 2017, it had grown to USD 237 trillion. Obviously this is by now a slightly dated figure, as debt issuance has continued with gay abandon this year. [PT]<\/p>\n

But how can dosages of more debt be the cure for too much debt?\u00a0 Can more Cutty Sark be the cure for a dipsomaniac?\u00a0 Certainly, in both instances, and after some interim relief, the cure always proves to be much worse than the disease.<\/p>\n

Without question, a moment of clarity is approaching that will bisect the world of today from the world of tomorrow, like the Patriot Act bisects the present world from its prior state of bliss.\u00a0 Thus, what follows is a rudimentary preview of what\u2019s in store.\u00a0 But first, some context is in order\u2026<\/p>\n

The fake money system \u2013 a system centered on debt based legal tender and centrally fabricated interest rates \u2013 produces booms and busts of greater extremes with each progression of the business cycle.\u00a0 This century alone we\u2019ve experienced two iterations of these boom and bust scenarios.\u00a0 First the dotcom bubble and bust.\u00a0 Then the housing boom and crash.<\/p>\n

\"\"The \u201cwell-contained\u201d end of the housing boom\u2026\u00a0 [PT]<\/p>\n

Make no mistake, these booms and busts were anything but garden variety gyrations of the business cycle.\u00a0 In fact, the Federal Reserve\u2019s finger prints are all over them.\u00a0 The booms originated from Fed monetary policy misadventures.\u00a0 The busts were triggered by Fed monetary policy mishaps.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Honest Work for Dishonest Pay Misadventures and Mishaps Over the past decade, in the wake of the 2008-09 debt crisis, the impossible has happened.\u00a0 The sickness of too much debt has been seemingly cured with massive dosages of even more debt.\u00a0 This, no doubt, is evidence that there are wonders and miracles above and beyond […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,89,98,195,303,11763,534,3650],"class_list":["post-37847","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-boom-and-bust","tag-business-cycle","tag-debt","tag-fed","tag-mn-gordon","tag-monetary-policy","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37847"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37847\/revisions"}],"predecessor-version":[{"id":37848,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37847\/revisions\/37848"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}