Monday, June 1, 2009

Experts Grasping At Straws

I'm sure I'm not the only one to notice this, but the blame game over the economic situation seems to have entered full tilt boogie mode. First, it was all Phil Gramm's fault, no wait, it was Bill Clinton. Hang on a minute, it was Jimmy Carter's fault, no wait, it was Allen Greenspan that caused it all. Just a second here, what about Barney Frank? Now, here comes Paul Krugman blaming Ronald Reagan. It's awfully nice of Paul not to leave out the 'ol Gipper. Blaming the only dead guy in the group will surely end the argument.

Meanwhile. Vox Day continues painting the big picture uninterrupted:
...I doubt that it is necessary to do much more than wait for events to take their course. Pyramid schemes always fail in the end, and there are an increasing number of signs indicating that the post-Bretton Woods reserve currency system is rapidly approaching terminal status.

So bring it on boys, those of us at the bottom of the pyramid are as ready as we'll ever be. Solve the debt problem by creating more debt. Solve the over spending by spending even more. The sooner the collapse comes, the sooner the madness will stop. Maybe then someone in the expert class will ask the right question; Who was doing something right when things were going well?

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