“
It’s almost as if the financial markets understand what policy makers seemingly don’t: that while long-term fiscal responsibility is important, slashing spending in the midst of a depression, which deepens that depression and paves the way for deflation, is actually self-defeating.
[…]
It is […] an orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times.
”
—
Op-Ed Columnist - The Third Depression - NYTimes.com
Interesting. Shall I email this to my govnah?
(via unspeakablevisions)
I think we should bring it right to him, personally, don’t you?
