From the "Those Who Can, Do, and Those Who Can't, Teach" Files

We stand in amazement at how many economists seem to not understand economics.

Perhaps, instead of Galbraith's recommendations, we could simply all print however much money we need so no one has to worry about working anymore.  It follows the same logical principle..





Galbraith is right from one perspective--no Republican is going to live up to the promise of cutting any significant costs. The "reality" that said politician will never work again if s/he delivers on the promise of cuts will sink in and eliminate any chance of cutting anything substantial. The sheep know no for which they ask.

This insanity knows no bounds. Readers had best take specific actions to protect themselves. No one else is going to, and these decisions will have very real consequences.