The limit of the Keynesian Monetary actions has been reached

Marc Faber : "The paradox of the situation is we got into trouble because of too much borrowing and too much spending but we have to spend more and borrow more to get out of it , I disagree but this is the view of the Keynesian economists" . Dr. Marc Faber added "The limit of these [Keynesian monetary] actions has been reached in the sense that You can increase debt but it doesn't increase prosperity or economic growth, because there is a point where the excessive debt growth doesn't stimulate economic activity any more, what it does it create bubbles in different sectors of the economy. And we have a global economy so the problem may not even happen in the US , If you look at the monetary policy of Mr. Bernanke it was designed to lift the housing market. The only asset that didn't go up since 2008 is housing." - in Reuters Interview
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