Negative Space: economics
- Definitionally dodging recession responsibility
- You’re in a recession when the economy’s doing well; you’re out of it when the economy sucks. Ignore that mortgage crisis behind the curtain.
- Garbage in, garbage out economics
- Given the pointless definition of a recession, is it any wonder people are confused about the recovery?
- Paul Krugman’s New Cents
- Money is worth only what we pretend it is worth. If we pretend it’s worth nothing, then it is worth nothing.
- Trying the market, or “No, you are.”
- I think I’ve figured it out. When people say they’ve tried the market and found it wanting, they’re really just trying to deflect criticism of government policies. They’re trying to pretend that the problems government causes are someone else’s fault—in this case, the free market.
More Information
- Fred Thompson on the Economy
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“Trying to fix problems caused by excess consumption with more spending is like telling a fat guy that the way to lose weight is to eat more donuts.”
