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I'm picking on this guy just because. He is only one of several economists/prognosticators that predicted the crash of 2008/09. They seem to be uniformly predicting that the result of the massive spending spree is going to be inflation.
Reuters on Kevin Phillips
Hellloooooo!!!!! Have you been to the grocery store lately? Like this month? Been by a gas station recently? Now why would gas go up 50 cents or basically 30% when the inventory of crude and of refined gas is higher than it has been in a decade? Your dollar at work, saving (bankers) jobs and solving a debt problem by increasing the debt by a factor of three. Solving the housing crisis by making sure you can no longer afford the payments on your house, regardless of its value or the low fixed rate on your mortgage. Hey, what crisis? There are plenty of houses.
Ummm, calling for something that is already happening isn't a prediction, it's a reality check. Duh!
When injustice becomes law, resistance becomes duty. -- T. Jefferson
Resistance Begins at Ohm!
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How Many Trees
does it take to make a hockey stick?
Twelve, apparently.
-- J. Hansford
Twelve, apparently.
-- J. Hansford
Motion is not progress
"Hasty innovation may be a devouring conflagration, rather than a torch of progress."
---- Russel Kirk, "The Conservative Mind" 1953
---- Russel Kirk, "The Conservative Mind" 1953
Sharing the poorth
"The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery." -Winston Churchill
"No man's life, liberty, or property is safe while the legislature is in session." -Mark Twain (1866)
"No man's life, liberty, or property is safe while the legislature is in session." -Mark Twain (1866)
Timeless
"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
-- Thomas Jefferson
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
-- Thomas Jefferson
Basic populist government economics
"You cannot legislate the poor into freedom by legislating the wealthy out of freedom.
What one person receives without working for, another person must work for without receiving.
The government cannot give to anybody anything that the government does not first take from somebody else.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation.
~~ The late Dr. Adrian Rogers, 1931- 2005
What one person receives without working for, another person must work for without receiving.
The government cannot give to anybody anything that the government does not first take from somebody else.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation.
You cannot multiply wealth by dividing it."
~~ The late Dr. Adrian Rogers, 1931- 2005
Which came first, the reality or the representation?
“More and more accustomed to testing reality by image, we will find it hard to retrain ourselves so we may once again test the image by reality. It becomes ever harder to moderate our expectations, to shape expectations after experience, and not vice versa. For too long already we have had the specious power to shape ‘reality.’ How can we rediscover the world of the uncontrived?”
--- Daniel Boorstein
--- Daniel Boorstein
Check it out!
About Me
- Restitches
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Notes for climate skeptics1 year ago
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