THAT PRETTY MUCH SUMS IT UP....
BUT I THINK EVERYONE IS MORBIDLY CURIOUS AS TO HOW WE GET OUT OF THIS MESS...
BECAUSE THIS ECONOMY SEEMS TO BE POST-KEYNESIAN, POST-SUPPLY SIDE, AND POST-PONZI...NOW!
COULD WE ACTUALLY REVERT TO CLASSICAL ECONOMICS...? SUPPLY AND DEMAND...WITHOUT WASHINGTON THROWING MONEY OUT OF BLACK HELICOPTERS...?
WELL, LET'S JUST SAY THAT IS ALWAYS A GOOD FALL BACK POSITION...
I GOT A BAD FEELING THAT THERE ARE LITERALLY HUNDREDS OF PONZI SCHEMES OUT THERE THAT ARE GOING TO SURFACE LATER THIS YEAR...
IF 2008 WAS THE YEAR OF THE DEBT COLLAPSE...
2009 WILL BE THE YEAR THE PONZI SCHEMES SURFACE...EN MASSE...! LIKE BEACHED WHALES...
OF COURSE KRUGMAN AND OTHERS SEEM TO THING THAT THE ENTIRE US ECONOMY IS ONE BIG PONZI SCHEME...THAT'S WHY KRUGMAN CAN'T BE "IN GOVERNMENT..." HE WON'T DRINK THE KOOL AIDE AND EAT THE BULLSHIT...!
PONZI SCHEMES, THIS LATE IN THE GAME, ARE LIKE MICE...
IF YOU SEE ONE...THERE ARE PROBABLY A HUNDRED THAT YOU CAN'T SEE...
