Brookings Business Figures 1-2

This was the empirical data that was contained in the link within the comments section.

This data is the evidence to support primarily this argument:

Constant monetary devaluation however, results in increasing costs and more onerous fiscality so that in the long run, new entrants are precluded a priori.

The data runs from 1978 – 2011.


Easy enough to see the creation of M2 money from 1978. This, at first glance supports the argument highlighted.

On the creation/destruction data, the trend is lower, but, within that downtrend are ups/downs. This is the business cycle. The business cycle is best described in terms of productive stages that leads to finally to consumption goods.

*To be continued