Civilization, in every generation, must be defended from barbarians.
The barbarians outside the gate, the barbarians inside the gate, and the barbarian in the mirror...
Tuesday, June 16, 2009
A Policy Of High Inflation Would Be Suicidal To The Plutocrats In Charge, So Why Expect It?
Thanks for the link. I'm still reading it; but, it seems to me that the weak spot of the analysis is the assumption that "the movers and shakers" do what they do for rational reasons.
Oh, sure, I agree, these geniuses don't really think ahead much, but I think one of the points of the article is that they *do* feel pain and *do* know how to pull the right levers for relief.
Thanks for the link. I'm still reading it; but, it seems to me that the weak spot of the analysis is the assumption that "the movers and shakers" do what they do for rational reasons.
ReplyDeleteOh, sure, I agree, these geniuses don't really think ahead much, but I think one of the points of the article is that they *do* feel pain and *do* know how to pull the right levers for relief.
ReplyDelete