Governments that tax savings, suppress interest rates to encourage consumption, and follow Keynesian stimulus undermine their own economies, while the 19th-century UK and Europe developed their industrial revolutions under gold standards without requiring Keynesian stimulus through stability mechanisms.
causalpending
Speaker
Alister MacleodEvidence Quote
“By taxing savings, discouraging savings, suppressing interest rates to encourage consumption. That way you destroy your economy...we didn't need to have this the Keynesian stimulation...it worked because there was stability [35:40-42:27]”
Created: 7/13/2026, 8:49:27 PM
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