Thursday, August 28, 2008
Recession Episode III: The Revenge of Keynes
I have to run to a power lunch* but when I return, I promise to explain why these financial press discussions of recession are absurd. Reading these conventional analyses, you would think that if the dollar just kept falling, and consumers ran up their credit cards to buy DVDs and steak dinners, then we would have strong economic growth.
*Note on nomenclature: A "power lunch" is one in which I scrounge for money from possible clients. In preparation, I have been studying beagles and how they droop their eyelids.
*Note on nomenclature: A "power lunch" is one in which I scrounge for money from possible clients. In preparation, I have been studying beagles and how they droop their eyelids.
Comments:
Hurry up and finish your lunch, will you? I want to hear the rest of the story.
Or are you busy slicing off Alan Greenspan's limbs and tossing him into some computer-generated lava?
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Or are you busy slicing off Alan Greenspan's limbs and tossing him into some computer-generated lava?
# posted by 
: August 28, 2008 at 2:42 PM
: August 28, 2008 at 2:42 PM Subscribe to Post Comments [Atom]
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