Saturday, May 4, 2013

Orthodox Macroeconomics as Social-Alzheimer's Disease

Commentary by Roger Erickson

Will Azheimer's bankrupt us? (Allison Bell,LifeHealthPro)
The projected cost is $1 trillion per year by 2040?

Imagine that scaled up to a national policy! Somewhat like the
$29 TRILLION we just blew in direct costs alone, just to bail out the frauds and preserve deranged Control Frauds that infect us with Social-Alzheimer's Disease. No wonder we're afraid to list the lost-opportunity costs (not just the known Output Gap, but all the unknown things we bypassed in order to subsidize the sloth and excess of Hank Paulson et al). Does this mean US culture is senile, and on it's last legs?

Note to citizens. If we don't check Social-Alzheimers, we won't make it to 2040. Time for either a re-birth, or oblivion.

(hat tip John Lounsbury)



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