Home > Uncategorized > In Their Own Words

In Their Own Words

If you’re not sure exactly what I’m talking about when I refer to “the absurdity of the Keynesian ‘demand side’ economics,” watch Peter Schiff talk about the American on an Island again and then read this article in the Wall Street Journal.  Notice the following absurd statements made by our financial savior Tim Geithner and others:

Given the broader shifts under way in the U.S. economy towards higher domestic savings, without further progress on rebalancing global demand, global growth rates will fall short of potential.

Fiscal reforms are necessary for growth, but they will not succeed unless we are able to strengthen confidence in the global recovery.

…the global economy (can’t) fly on just one engine, the U.S.

The last is my favorite (though it’s not Geithner it’s his predecessor).  The fat guy on the island whose job it is to eat is now going around chastising the rest of the islanders for not pulling their weight.  I fear where this may be leading.  They are creating a picture of a “global economy” which supports the idea that we not only have to prop up every other bankrupt nation, but we have to make sure “aggregate demand” is high enough in all these countries for the sake of this global economy.  These people always see the answer to their problems in some higher level of government control.  Their solution to our own economic issues is always to prop up the economy by borrowing and taxing the rich.  On who’s back are we going to prop up the “global economy?”  The Chinese?

Categories: Uncategorized Tags: ,
  1. May 16, 2013 at 6:53 pm

    d0bfd0b8d188d0b5d182:d09ed182d0bbd0b8d187d0bdd18bd0b9 d0bfd0bed181d182 d0b2 e282ac c390cebcc390 c2b7 c390cebcc390 c2bd DYN N, D c2b0 d0a1 e280a0 c390 c2b8 c391? c390 c2ba c390 c2be c390 c2bc c390 c2bfc390 c2b0 c390 c2bd c390 c2b8 c390 c2b8 d0b8d0bdd182d0b5d180d0bdd0b5d182 d180d0b5d181d183d180d181d0bed0b2 d090d0b7d0b5d180d0b1d0b0d0b9d0b4d0b6d0b0d0bdd0b0 Global |? c390 c2a1c390 c2a2 c390 DZD ~ c390 c2a2 c390 e280a2 D> D c2ac c390 c2a1c390 c2a2 c390’c390c5be, D D e280a2 c390c593c390c5bec390 c390 c2a2 c390 c2bbc390 ~ D-D ? D e284a2 D?, c390’c390 ~ D-D? c390 c2a1c390 e280a2. d0af d0bfd0bed181d182d0bed18fd0bdd0bdd0be d0bfd180d0bed0b2d0b5d180d18fd18f d18dd182d0bed182 d0b1d0bbd0bed0b3, d0b8 d18f d0b2d0bfd0b5d187d0b0d182d0bbd0b5d0bd! d09ed187d0b5d0bdd18c d0bfd0bed0bbd0b5d0b7d0bdd0bed0b9 d0b8d0bdd184d0bed180d0bcd0b0d186d0b8d0b8 d0b8d0bcd0b5d0bdd0bdd0be d0b8d0b7 d0bfd0bed181d0bbd0b5d0b4d0bdd0b5d0b9 d0b8d0bdd184d0bed180d0bcd0b0d186d0b8d0b8, d0bad0bed182d0bed180d183d18e d18f d0b7d0b0d0b1d0bed182d0b8d182d18cd181d18f d0be d182d0b0d0bad0b8d185 d0bcd0bdd0bed0b3d0be. d0af d0b1d18bd0bb d18dd182d0b8d0bc d0bed181d0bed0b1d0bed0b5 d0bfd0bed0b2d0b5d0b4d0b5d0bdd0b8d0b5 d0bfd0bed0b8d181d0bad0b0 d0b8d0bdd184d0bed180d0bcd0b0d186d0b8d0b8 d0b2 d182d0b5d187d0b5d0bdd0b8d0b5 d0b4d0bbd0b8d182d0b5d0bbd18cd0bdd0bed0b3d0be d0b2d180d0b5d0bcd0b5d0bdd0b8. d0a1d0bfd0b0d181d0b8d0b1d0be d0b8 d183d0b4d0b0d187d0b8. koaorpa

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: