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“Because the printing money is the last refuge of failed economic empires and banana republics.”
Does anything more really need to be said?
Tough to tell the angle on this. There’s clearly some Paulian elements to this (Goldman, etc.) but it does hit pretty much the same points that everyone else has been making.
If labor is a resource, than the underutilization of labor would be an economic pricing problem. [nonsense deleted]
theperfecteconomist on November 14, 2010 at 10:43 PM
The under-utilization of labor is a regulatory problem. There are so many laws being passed to pander to short term desires to bail out unions that no business is able to invest safely.
Blowback
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“Because the printing money is the last refuge of failed economic empires and banana republics.”
Does anything more really need to be said?
LOL… what is that even supposed to mean?
Rae on November 15, 2010 at 10:14 AM
In English: We’re All Hosed.
Chaz706 on November 15, 2010 at 11:16 AM
Shall we revisit outsourcing again?
Amendment X on November 15, 2010 at 11:28 AM
I have a question: How is this different than what Zimbabwe was doing for most of the past 10 years?
Haven’t we moved from Obamanomics to Mugabe Economics?
Blaise on November 15, 2010 at 11:57 AM
Comment pages: « Previous 1 2