Sunday, February 19, 2012

QUOTE OF THE DAY: “Creating a job is easy. Creating a remunerative job is not.”

 

The 'Consumptionist' Dead End
Jonathan Hoenig:  Why the persistent belief that the economy will grow as a result of government spending is flawed.
If you keep repeating a lie long enough, people eventually start to accept it as truth. So even as government debt hit new record highs and bankrupt entitlement states like Greece collapse, how else to explain the persistent belief among many politicians and policymakers that … the economy grows as a result of government spending….

Labels:

1 Comments:

Anonymous the drunken watchman said...

seriousy ....

are the recent stockmarket highs (DOW etc) merely a Zimbabwean wet dream?

2/21/2012 02:15:00 pm  

Post a Comment

Respond with a polite and intelligent comment. (Both will be applauded.)

Say what you mean, and mean what you say. (Do others the courtesy of being honest.)

Please put a name to your comments. (If you're prepared to give voice, then back it up with a name.)

And don't troll. Please. (Contemplate doing something more productive with your time, and ours.)

<< Home