You might remember a remarkable YouTube from Omid Malekan, a few months ago, entitled Quantitative Easing Explained.
Well, he has been busy again, with his latest YouTube production. Listen out, in particular, for the line about Common Sense, which I was expecting to be Austrian Economics; though these two phrases are obviously synonyms for one another.
It is, alas, a shame that Mr Malekan has lost the cute and cuddly bears; however, a clear lesson from both common sense and Austrian economics is that one can never have everything.
If only our failed Keynesian overlords would learn that single simple lesson:
The War on the Poor that all governments around the world are engaged in.
Where is the left wing?
Andy , you are a star for posting this. Many thanks.
This is so beautifully explained it’s like poetry.