The New No-Duh

Shorter McClatchy: “The rest of the world can’t live off of the yanks spending money they don’t have anymore.  It only took damn near collapse for Americans to realize that they were broke, but hey…”

Contrary to their portrayal of it though, you can’t really call the global market “self-regulating” when it was deliberately constructed and kept like this.  When prosperity depends on a comparative few people blowing everything they have and more, buoyed by a steady flow of funny money, the train has to stop sometime.  That this is considered a shock is, for what it says about the likelihood of actually adapting to reality, terrible.

Advertisements

About b-psycho

Left-libertarian blogger & occasional musician.
This entry was posted in economics, random shots. Bookmark the permalink.

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s