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John Dingle
Bloomberg Television
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Comments by "John Dingle" (@johndingle6293) on "Risks of Low Rate, Low Growth World" video.
Instead of a bodybuilder that lifts weights, eats, then sleeps. Our economists just injects testosterone in the morning and calls it good. Then goes on feeling good. Until we slow down from effects of it. Then we just inject more, and more, and more, without ever going to the gym. Recessions are what lifting weights are. Destruction of muscle tissue. Without Destruction, you cannot build better, stronger. Just a lazy roided up economy. From ceos to politicians. And now everyone. Everyone looks to the Fed to inject them with stimulus. Even stupid progressives. I don't think you people truly understand how much real growth was lost by preventing recessions.
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Central banks have neutered business cycles. No recessions means no contractions. No contractions means no growth. No growth means no inflation. And feeds a self reinforcing cycle of constantly relying on monetary and fiscal stimulus for growth. We don't have Natural growth. We don't have a natural economy. It's propped up and pushed up.
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Been high on monetary stimulus for decades... and you wonder why your groggy in the morning.
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You underestimate the benefits of recessions. People like Blanchard have engineered economies like Pfizer does viruses. People with good intentions. But only one side of argument.
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