As Iran Rial Implodes By 20% In One Day, Follow The Death Of A Currency In Real Time – Zero Hedge
Libertarian Home
Blog archive from the golden age of London libertarianism
Follow The Death Of A Currency In Real Time
One response to “Follow The Death Of A Currency In Real Time”
-
The fools (both the Iranian regime – and establishment types like French English English language television news) blame the currency collapse on “sanctions”.
Actually the Iranian govenrment is made up of more sincere Keynesians than the American oen is.
Comrade Barack understands (having been well trained in the ways of the Sith over decades) that monetary expansionism (i.e. creating vast amounts of money from NOTHING) undermines the capital structure of an economy.
Those who follow the “Dark Side of the Force” understand this as well as we do. Cloward and Piven understood it (and Mrs Cloward – as you does not like to be called) spoke at the Marxist events at which young Barack was trained back in the 1980s.
Straffa (the Italian Marxist who first brought Keynesian language into Marxism) understood it.
Lenin understood it – as he says (ironically quited by Keynes) – “there is no more sure or more subtle way of undermining the existing basis of society than by debauching the currency – for it puts all the hidden force of economic law on the side of destruction…..”
Karl Marx understood it – Hunter Lewis (in “Where Keynes Went Wrong”) has him mock what we now call “Keynesianism” before Keynes was even born.
But the Irianian regime do NOT understand it – they are actually destroying themsleves whilst thinking they are helping the economy by creating ever more money (from NOTHING).
Muhammed (a nasty man – but with a lot of common sense) would have executed his “followers” in the Iranian regime in various nasty ways (he could be very creative). But then he (unlike they) did not have the “benefit” of a university education.
LikeLike
Libertarian Home 
Leave a reply to Paul Marks Cancel reply