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Happy birthday, honest Abe
Message
From
15/02/2009 16:43:17
 
 
To
15/02/2009 15:31:08
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01381537
Message ID:
01381966
Views:
25
>Well, maybe you should offer to let Robert Mugabe run things for a while. Inflation of over a million percent soon would reduce the debt to the price of a packet of crisps. Most of Kansas would have been confiscated and given to his cronies and you'd all be starving, but there would be plenty of modern art to look at and before long the international community would step in to help you out. ;-)

According to economist Paul Krugman and Professor of Economics James D Hamilton, we are already on that track:

Overstimulus at the wrong time lays the seeds for resurgence of inflation. And the process of trying to bring that inflation back down later could be the cause of the next recession after this one is long over.
.·*´¨)
.·`TCH
(..·*

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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"
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