It's a major theme of mine that the rise of liberalism brings (and has brought) the rise of everything fake. Fake money which feeds fake price levels, fake politicians, fake laws, fake prosperity, fake promises, fake marriage, fake religion, fake political correctness/morality, fake security, FAKE FAKE FAKE. Additionally, real things like physical gold was mocked, called a Pet Rock and otherwise laughed at as a barbarous relic.
As the herd changes direction back toward conservatism, all of these things will first be exposed, then understood by the masses, then discredited and finally disavowed by the herd.
Today Patrick Watson over at Mauldin economics chimed in with his own views on the fake economy which I thought was a right headed article.
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