European Tribune - Comments - Obama's Emergency Banking Act of 2009

Obama's Emergency Banking Act of 2009 | 83 comments (83 topical, 0 editorial, 0 hidden)

Yes, this is why its only my train diaries ... (none / 0)

... that make the wrecklist at Agent Orange, and never any Econ diaries. "Saving" as adding to a Dragon's Hoard that will increase societies real productive capacity when "the time comes to spend it" ... that is even more deeply entrenched than the "gas tax is political suicide" meme.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Feb 13th, 2009 at 12:06:14 PM EST
[ Parent ]

Re: Yes, this is why its only my train diaries ... (none / 0)

"Saving" as adding to a Dragon's Hoard that will increase societies real productive capacity when "the time comes to spend it" ... that is even more deeply entrenched than the "gas tax is political suicide" meme.

I'll dig up Keynes' rather short demolition of that in The General Theory...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Fri Feb 13th, 2009 at 12:12:37 PM EST
[ Parent ]

Don't think it matters how pithily it is ... (none / 1)

... demolished, readers have to be in a mood to permit concepts to be demolished in order to avoid the, "well, there's a plausible sounding bit of bullshit" reaction.

And of course, Agent Orange is designed to avoid undermining people's basic prejudices.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Feb 13th, 2009 at 12:55:21 PM EST
[ Parent ]

For example, just today I hit the wrecklist again (none / 1)

... with a diary about how stupid John Boehner (R-OH) is to be complaining about the $8b for HSR, claiming it was a pet project for Harry Reid to get a bullet train from Las Vegas to Hollywood, when the money is for designated HSR corridor, of which there are TWO here in Boehner's home state of Ohio and NONE in Nevada.

You're From Ohio, You Idiot, Don't Screw With Our Train

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sat Feb 14th, 2009 at 09:50:43 PM EST
[ Parent ]

Obama's Emergency Banking Act of 2009 | 83 comments (83 topical, 0 editorial, 0 hidden)

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