22 February 2010

It is 1933

All over again. Let's encourage non-productivity (or at least well-compensated poor productivity) and start messing around with prices (the legislatures' and President's antipathy towards "excessive" wages not paid to union members and government employees and agencies is also well documented).

We're not in a Great Depression or anything like it. Yet.

If we keep interfering in the markets, monkeying around with the interest rates, debasing the currency and not learing anything from our past, we'll still be addressing the two-headed monster of double-digit unemployment and inflation for several more years.

And before you know it, it will be as bad as the good old days.

1 comment:

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