Monday, April 13, 2020

Going down

Foreign Policy has an article today: The Normal Economy Is Never Coming BackIn a modern journalistic twist, the article is scarier than the title. (It would be a lot less scary if we had an administration of professionals instead of one of Trump ass kissers) 

I won't bother to excerpt the article.  Every sentence is as necessary as the next.  So, you can read it all for yourself.

...but hey, do what you want...you will anyway.

Also, remember:  all money is funny money. There's nothing backing it since the gold standard was dropped in the early 30s.  The idea of balancing debits and credits for a government that can simply print money is ridiculous.  (As is the perennial political question:  How are you going to pay for it?)

No comments: