I love Barry Ritholtz, nearly as much as I do Krugman. But saying the Chicago School of Economic Horseshit has collapsed is wrong, awfully so. They’re still setting globally disasterous policy, ensuring we’re going have years of depression — at least as bad as Japan.
It is 1937 again, but this time probably worse because a) WWII ain’t gonna save the economy and b) our political system is so much more corrupt.
America: Hollowed out by the Bushies, and after getting hollowed out, we now have the inevitable implosion — and maybe another reason why it’s worse than 1937.
Idea! If the
Republicans Our Leaders can reduce spending and increase unemployment, we’ll have years free of inflation.
Or maybe Our Leaders don’t care about this.
A lie that sets policy, a lie the Big Media professional journos can’t manage to expose.
Doomed! Spelled out nice and simple.
Big Media pundits: Pretty much all retarded? Again, how can you relentlessly spew shit like this? Is the money enough to be a destructive liar? Is it just greed? Society-destroying lying is okay with them all?