Economic, industrial, fiscal and even monetary policy has come down to one, single moment of inertia, all channeled through ONE, POOR CHAP, getting mostly bad advice - by choice. If a US President only knew what all Americans know - we wouldn't have any Output Gap! Sadly, there's an elitist "court" of Presidential Advisers .... and you ain't in it! If you want anything, better lick Robert Rubin's boots.
As Steve Hansen often says. "This BS will keep working. Until it doesn't." Are you noticing, Middle Class America? Is it still working for you?
Hello? Anyone still IN the Middle Class?
4 comments:
"If a US President only knew what all Americans know - we wouldn't have any Output Gap!"
Roger, there are only about 1,000 of us who have this knowledge...
rsp,
Hey, that's what Bush Sr asked for. 1000 points of light.
Where are all the descendants and disciples of Marriner Eccles?
Ha! 1,000 points of light! good one...
I liked your one from the other day: "panning for bold" ... LOL right this idiots instead think we are still on the 'gold standard' they are still literally "panning for gold..."
Roger I think Mitt Romney was one of Eccles descendants/relatives.... Mormon from Utah...
rsp,
Eccles family must have made the fatal error of letting their kids drink the kool-aid?
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