Even a blind squirrel finds an acorn occasionally. This isn't about politics; it's about economics, in particular this consumer driven economy that staring to look like the emperor with no clothes.
"The downside is that the final four or five percentage points of financial-sector GDP expansion in the 1990s and 2000s involved mischief and self-dealing: the exotic mortgage boom, the reckless bundling of loans into securities and other innovations better left to casinos. Run-amok credit was the lubricant. Between 1987 and 2007, total debt in the United States jumped from $11 trillion to $48 trillion, and private financial-sector debt led the great binge."
I remember seeing Paul Craig Roberts on Lou Dobbs (It was on at the gym) and PCR was complaining about the fact that since people in the eastern bloc were free this was bad because they were now economic competitors against the US.
I guess PCR didn’t bother to study Adam Smith.
This isn't about politics; it's about economics, in particular this consumer driven economy that staring to look like the emperor with no clothes.
This isn't about politics; it's about economics, in particular this consumer driven economy that's starting to look like the emperor with no clothes.
Don't rely just on the spell checker.