Kamikaze Keynesianism

A quick three minute video by Citywire (free!) explains the view of a Norwegian bond fund manager who is rather skeptical of trying to “stimulate” an economy by borrowing. Torgeir Høien, manager of Skagen Tellus, is blunt about the matter, “it won’t work”.

Why not? Well first off they’ve tried it before (a lotand it hasn’t worked. Second off Høien knows that it will result in inflation, meaning his investment as an asset manager will lose value as the currency in which it is held (the Yen) is losing value relative to actual stuff, not a very good investment.

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