Thanks so much for the wonderful analysis and comment.
Ping!!!!
I read that and chuckled. Denninger has a way of cutting through the bull in a way rarely seen elsewhere.
Interesting read.
This is gonna end up a family discussion. Great post. What I’d like to know is BELOW what age does this brilliant essay make no sense, due to a lack of understanding of basic economics. Is that subject even taught any longer in school. At one time in the USA, the truths written herein were learned in HIGH SCHOOL. Rather than a course in SELF-ESTEEM, students actually studied a course titled ECONOM ICS. I wonder if today’s college grads could pass an “olde tyme” economics test...doubtful. I am positive the Democrats can’t. We are in deep doo-doo .