Keynesian CHEAT SHEET:
A short primer to help you translate articles when reading these esoteric phrases:
“more help from the federal reserve will likely be needed …”
Translation: “more heroine is likely needed to be injected into this man dying of a heroine overdose…”
“the fed needs to do more stimulus…”
Translation: “the us dept of money needs to print more money…”
“we need to consider negative interest rates.”
Translation: “our ill-conceived medicine to fight the disease is making the patient even worse. Increase the dosage!”
“Don’t ever bet against America”
Translation: “sink more of your money in the vastly over-inflated us stock market.”
“Our banks are stronger than ever and able to weather any economic storm.”
Translation: “we didn’t learn a thing from the 2008 crisis. We actually implemented a 0 reserve requirement in March so banks can now lend out an infinite supply of money without recourse.”
“Inflation isn’t a concern. Deflation is our biggest enemy right now.”
Translation: “we don’t want consumer prices to go down as they naturally should (which helps people weather a crisis); we want them turning to big government, begging for relief.”
