Marc Faber and economics

[krazy_kaju]

@Nielsio

I watched the first few minutes earlier today, and then I facepalmed. Faber says he thinks it’s good (as per Keynes’ theory) for government to take money out of the economy during ‘good times’ and to spend money in ‘bad times’. What a total fail. It’s not good to take out money of the economy ever, and it’s also never good to spend the money that government has.

I feel embarrassed that Stefan had him on the show, and even more so that Stefan appeared to agree with what Faber just said.

At that point I turned it off though, so I can’t comment on the rest.

Faber’s comments in that interview inspired my thread here.