"What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it"
About this Quote
Faber’s line is built like a slap: the phrase “so-called ‘solving the crisis’” doesn’t just dispute policy outcomes, it disputes the branding. He’s puncturing the PR halo around emergency measures and reframing them as theater with a press release attached. The syntax does the work: “they haven’t solved anything” is blunt, almost bored; the real bite lands in the kicker, “They’ve just postponed it.” That last clause smuggles in an entire worldview about markets and politics: pain is inevitable, and power prefers delay over reckoning.
The intent is less to propose an alternative than to delegitimize the logic of intervention. “Government intervention” is treated as a reflex, not a considered tool, and the scare quotes around “solving” imply a category error: you can’t bureaucrat your way out of structural rot. The subtext is moral as much as economic. Postponement becomes a kind of dishonesty, shifting costs onto someone else: future taxpayers, future asset holders, future administrations. It’s also a shot at incentives. Politicians get rewarded for keeping the music playing; central banks get judged on calm, not catharsis. That bias toward postponement is the real “solution” being delivered.
Context matters: Faber’s public persona is the perma-bear with a megaphone, shaped by the long arc of bailout-era finance where liquidity can anesthetize symptoms without touching causes. The quote works because it offers a clean, cynical contrast: a crisis isn’t fixed, it’s rescheduled. That’s a terrifyingly legible story in a world where “stability” often means “not today.”
The intent is less to propose an alternative than to delegitimize the logic of intervention. “Government intervention” is treated as a reflex, not a considered tool, and the scare quotes around “solving” imply a category error: you can’t bureaucrat your way out of structural rot. The subtext is moral as much as economic. Postponement becomes a kind of dishonesty, shifting costs onto someone else: future taxpayers, future asset holders, future administrations. It’s also a shot at incentives. Politicians get rewarded for keeping the music playing; central banks get judged on calm, not catharsis. That bias toward postponement is the real “solution” being delivered.
Context matters: Faber’s public persona is the perma-bear with a megaphone, shaped by the long arc of bailout-era finance where liquidity can anesthetize symptoms without touching causes. The quote works because it offers a clean, cynical contrast: a crisis isn’t fixed, it’s rescheduled. That’s a terrifyingly legible story in a world where “stability” often means “not today.”
Quote Details
| Topic | Money |
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