Random rant about economic crisis which I am unqualified to make
I was listening to El Presidente, and for a while I was actually agreeing with him. Then he gets to the "regulation should not impair growth." Sounds tautological, right?
Nope.
To compare the economy to a human body, the desire is to have an economy of muscles and organs and bones and brains: stuff that does stuff. Fat isn't the Great Satan, but it should definitely not be grown in the absence of actual structure.
What our friendly investment banks and our old friend Enron gave was a different kind of growth: cancer. Sure, it's growth, but I think the analogy is obvious enough.
Nope.
To compare the economy to a human body, the desire is to have an economy of muscles and organs and bones and brains: stuff that does stuff. Fat isn't the Great Satan, but it should definitely not be grown in the absence of actual structure.
What our friendly investment banks and our old friend Enron gave was a different kind of growth: cancer. Sure, it's growth, but I think the analogy is obvious enough.