{"id":841,"date":"2009-02-20T14:25:24","date_gmt":"2009-02-20T19:25:24","guid":{"rendered":"http:\/\/www.blackgate.net\/blog\/index.php\/how-to-wreck-an-economy\/"},"modified":"2009-02-20T14:29:04","modified_gmt":"2009-02-20T19:29:04","slug":"how-to-wreck-an-economy","status":"publish","type":"post","link":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/","title":{"rendered":"How to wreck an economy"},"content":{"rendered":"<p>&#8220;If this crisis proves nothing else, it proves you cannot help people by lending them more money than they can pay back. [&#8230;] it should give us pause in responding to the financial crisis of today to realize that this crisis itself was in part an unintended consequence of the monetary policy we employed to deal with the previous recession.&#8221; <\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB123509667125829243.html?mod=djemEditorialPage\">read more&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;If this crisis proves nothing else, it proves you cannot help people by lending them more money than they can pay back. [&#8230;] it should give us pause in responding to the financial crisis of today to realize that this crisis itself was in part an unintended consequence of the monetary policy we employed to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-841","post","type-post","status-publish","format-standard","hentry","category-society"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to wreck an economy - Blackmoor Vituperative<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to wreck an economy - Blackmoor Vituperative\" \/>\n<meta property=\"og:description\" content=\"&#8220;If this crisis proves nothing else, it proves you cannot help people by lending them more money than they can pay back. [&#8230;] it should give us pause in responding to the financial crisis of today to realize that this crisis itself was in part an unintended consequence of the monetary policy we employed to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Blackmoor Vituperative\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bblackmoor\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/bblackmoor\" \/>\n<meta property=\"article:published_time\" content=\"2009-02-20T19:25:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-02-20T19:29:04+00:00\" \/>\n<meta name=\"author\" content=\"bblackmoor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/bblackmoor_\" \/>\n<meta name=\"twitter:site\" content=\"@bblackmoor_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"bblackmoor\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/\"},\"author\":{\"name\":\"bblackmoor\",\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/#\\\/schema\\\/person\\\/bb04cdbf863652f366c64e81805d6c4f\"},\"headline\":\"How to wreck an economy\",\"datePublished\":\"2009-02-20T19:25:24+00:00\",\"dateModified\":\"2009-02-20T19:29:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/\"},\"wordCount\":66,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/#\\\/schema\\\/person\\\/bb04cdbf863652f366c64e81805d6c4f\"},\"articleSection\":[\"Society\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/\",\"url\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/\",\"name\":\"How to wreck an economy - Blackmoor Vituperative\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/#website\"},\"datePublished\":\"2009-02-20T19:25:24+00:00\",\"dateModified\":\"2009-02-20T19:29:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/how-to-wreck-an-economy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to wreck an economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/\",\"name\":\"Blackmoor Vituperative\",\"description\":\"But in the end it&#039;s only a passing thing, this shadow; even darkness must pass.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/#\\\/schema\\\/person\\\/bb04cdbf863652f366c64e81805d6c4f\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/#\\\/schema\\\/person\\\/bb04cdbf863652f366c64e81805d6c4f\",\"name\":\"bblackmoor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/bg_sigil_lg.png\",\"url\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/bg_sigil_lg.png\",\"contentUrl\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/bg_sigil_lg.png\",\"width\":900,\"height\":900,\"caption\":\"bblackmoor\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/bg_sigil_lg.png\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/bblackmoor\",\"https:\\\/\\\/www.instagram.com\\\/bsblackmoor\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/bblackmoor_\"],\"url\":\"https:\\\/\\\/www.blackgate.net\\\/blog\\\/author\\\/bblackmoor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to wreck an economy - Blackmoor Vituperative","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/","og_locale":"en_US","og_type":"article","og_title":"How to wreck an economy - Blackmoor Vituperative","og_description":"&#8220;If this crisis proves nothing else, it proves you cannot help people by lending them more money than they can pay back. [&#8230;] it should give us pause in responding to the financial crisis of today to realize that this crisis itself was in part an unintended consequence of the monetary policy we employed to [&hellip;]","og_url":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/","og_site_name":"Blackmoor Vituperative","article_publisher":"https:\/\/www.facebook.com\/bblackmoor","article_author":"https:\/\/www.facebook.com\/bblackmoor","article_published_time":"2009-02-20T19:25:24+00:00","article_modified_time":"2009-02-20T19:29:04+00:00","author":"bblackmoor","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/bblackmoor_","twitter_site":"@bblackmoor_","twitter_misc":{"Written by":"bblackmoor"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/#article","isPartOf":{"@id":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/"},"author":{"name":"bblackmoor","@id":"https:\/\/www.blackgate.net\/blog\/#\/schema\/person\/bb04cdbf863652f366c64e81805d6c4f"},"headline":"How to wreck an economy","datePublished":"2009-02-20T19:25:24+00:00","dateModified":"2009-02-20T19:29:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/"},"wordCount":66,"commentCount":0,"publisher":{"@id":"https:\/\/www.blackgate.net\/blog\/#\/schema\/person\/bb04cdbf863652f366c64e81805d6c4f"},"articleSection":["Society"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/","url":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/","name":"How to wreck an economy - Blackmoor Vituperative","isPartOf":{"@id":"https:\/\/www.blackgate.net\/blog\/#website"},"datePublished":"2009-02-20T19:25:24+00:00","dateModified":"2009-02-20T19:29:04+00:00","breadcrumb":{"@id":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.blackgate.net\/blog\/how-to-wreck-an-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.blackgate.net\/blog\/"},{"@type":"ListItem","position":2,"name":"How to wreck an economy"}]},{"@type":"WebSite","@id":"https:\/\/www.blackgate.net\/blog\/#website","url":"https:\/\/www.blackgate.net\/blog\/","name":"Blackmoor Vituperative","description":"But in the end it&#039;s only a passing thing, this shadow; even darkness must pass.","publisher":{"@id":"https:\/\/www.blackgate.net\/blog\/#\/schema\/person\/bb04cdbf863652f366c64e81805d6c4f"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.blackgate.net\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/www.blackgate.net\/blog\/#\/schema\/person\/bb04cdbf863652f366c64e81805d6c4f","name":"bblackmoor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.blackgate.net\/blog\/wp-content\/uploads\/2022\/06\/bg_sigil_lg.png","url":"https:\/\/www.blackgate.net\/blog\/wp-content\/uploads\/2022\/06\/bg_sigil_lg.png","contentUrl":"https:\/\/www.blackgate.net\/blog\/wp-content\/uploads\/2022\/06\/bg_sigil_lg.png","width":900,"height":900,"caption":"bblackmoor"},"logo":{"@id":"https:\/\/www.blackgate.net\/blog\/wp-content\/uploads\/2022\/06\/bg_sigil_lg.png"},"sameAs":["https:\/\/www.facebook.com\/bblackmoor","https:\/\/www.instagram.com\/bsblackmoor\/","https:\/\/x.com\/https:\/\/twitter.com\/bblackmoor_"],"url":"https:\/\/www.blackgate.net\/blog\/author\/bblackmoor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/posts\/841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/comments?post=841"}],"version-history":[{"count":0,"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/posts\/841\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/media?parent=841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/categories?post=841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackgate.net\/blog\/wp-json\/wp\/v2\/tags?post=841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}