Monday, November 16, 2009

Thou Shalt Not Steal?

Quote of the day from the US Federal Reserve Bank of Dallas (I once did some work for the Federal Reserve Bank of New York, but that's another story for another day): "The more demand you steal from the future, the less future demand there is for you to steal".

To which I offer the following insightful commentary on rampant and wanton US, Canadian, European etc. stimulus spending:

Ouch!

Here's the question: are we skillfully recovering the car from a skid, or are we fish-tailing towards the cliff??!!

And that's the way the are-we-gonna-get-out-of-this-alive? Ball bounces.

1 comment:

Fred said...

The real truth behind the "Cash For Clunkers" campaign.

"... nothing intellectually compelling or challenging.. bald assertions coupled to superstition... woefully pathetic"