Spending Spending Spending

  This can not get reiterated enough. Without spending, the economy would crash. It does not matter if its military spending, social spending, education spending, or just digging holes all over the countryside. Without spending, the economy would end.

 

  Thus goal of the state is just to keep the money flowing whether its through quantitative easing, fractional lending, or whatever money creation practice it wishes to employ.

  We can be building schools, hospitals, ICBMs. Point is, when the goal is 10 percent growth we have to create enough monetary incentive to reach that goal by the end of the year. And it does not matter what we build, so long as we build it.