KRUGMAN SAYS THAT AMERICANS NEED TO START SPENDING AGAIN...
BUT, THE MACROECONOMIC SITUATION IS AGAINST IT...
SO HE PROPOSES THE "USUAL" KEYNESIAN SOLUTION...A "STIMULOUS" PACKAGE...
BUT KRUGMAN IGNORES THE REAL REASON THAT THE MACROECONOMICS ARE ALL FUCKED UP...
IT'S NOT THAT AMERICANS HAVE "QUIT CONSUMING" ITS THAT THEY QUIT PRODUCING ....DECADES AGO!
WITHOUT PRODUCTION ...YOU SIMIPLY CAN NOT CONSUME...
THE REAL CAUSE OF THE CURRENT MESS IS DE-INDUSTRIALIZATION...AND A DEPENDENCE ON ASSET INFLATION TO AS A SUBSTITUTE FOR REAL PRODUCTION.
SO KRUGMAN GETS HIS STIMULOUS PACKAGE...
EVERYONE THEN GOES TO WAL-MART AND BUYS CHINESE "STUFF"...
MONEY BOUNCES AROUND FOR A WHILE...THEN IT'S IN A CENTRAL BANK OVERSEAS!
MOST OF THAT MONEY WILL BE IN THE BANK OF CHINA... WITHIN A MONTH...!
THEN WHAT? ANOTHER STIMULOUS PACKAGE...?
OR ARE WE "OK" FOR ANOTHER BUBBLE BY THEN...?
OH....PLEEEASE...!!
HOW HAVE WE SOLVED ANYTHING...?
THAT IS THE PROBLEM...
THE REAL QUESTIONS ARE SO SCARY... THAT NO ONE DARES TO EVEN ASK THEM...!
BOO!
