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Ketchup economists have been telling everyone who would listen that "finance is the brain of the economy".

It appears that the economy has a terminal case of Bovine Spongiform Encephalopathy.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Wed Oct 13th, 2010 at 02:49:30 AM EST
[ Parent ]
Bovine Spongiform EconomicsTM?

Maybe we need a macro...

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Wed Oct 13th, 2010 at 05:04:24 AM EST
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Been done.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Oct 13th, 2010 at 05:46:38 AM EST
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Neo-Classical Economics = Bovine Spongiform Economics

or

NCE = BSE

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Oct 13th, 2010 at 02:10:41 PM EST
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The advantage of that is that the acronym for Bullshit Economics is the same...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Wed Oct 13th, 2010 at 05:30:16 PM EST
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<blockqoute>It appears that the economy has a terminal case of Bovine Spongiform Encephalopathy.</blockqoute>

And here I thought it was just a serious case of Head in Ass disease.  

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Wed Oct 13th, 2010 at 11:05:35 AM EST
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It is both. The Head In Ass Syndrome just tells us what the sponge has been absorbing.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Oct 13th, 2010 at 02:03:35 PM EST
[ Parent ]

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