that’s why it doesn’t grow on trees
Dumping money into the economy yields inflation fears. This made me laugh in that sucks-but-funny kinda way:
Budget: A mythical beanbag. Congress votes mythical beans into it, and then tries to reach in and pull beans out.
Also related is a story I saw somewhere and I can’t find it now. But, basically, it was economic genius Paul Krugman, who has been predicting recession every month since about January 2000 and no doubt ecstatic he finally got it right, noting something to the effect of There are no libertarians during a financial crisis. That’s pretty stupid. I mean, if you’re appealing to the left, it may sound clever. But it’s not. After all, if libertarians prepare for the things they’re known to prepare by stocking up on food, ammo, sources of engergy, etc. Don’t you think they’d also maybe prepare for tough economic times?
December 15th, 2008 at 2:44 pm
I suspect he was trying to make a play on the “No Atheists in foxholes” comment. I wouldn’t recommend posting that though. Rachel Lucas had a horrible time with people trolling and spamming her for using that comment.
December 15th, 2008 at 9:23 pm
Uhmm…not for nothing…but if he really has been warning about a recession since then, he’s pretty much been on the mark.
I’ll take that over “the fundamentals of our economy are sound” any day of the week. And I think you’re misreading what he meant with that quip about libertarians in crisises–he’s simply stating the inevitable truth that there are some things that govt has to do, not that we’re not storing up ammo and batteries.
December 16th, 2008 at 12:29 am
agree with Sebastian..the comment was a reference to very few people calling for the government to stay out of things during a recession.