economy

Sep 22, 2008 14:47


"The latest crises "expose the flaws" and "tarnish the image" of the U.S. economy.

They're missing the point completely. It is not "flaws" that are being exposed - it's the whole consumer economic model and the whole generation of jackass economists who created it. They rejected the insights of classical economics. Instead of encouraging saving and capital formation, they thought they could nurture growth by luring consumers to spend more money."

Read more here

blah. i want to go live on a farm.

economy, politics

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