https://barelyablog.com/geithner-gives-chinese-students-the-giggles/ by ilana mercer Wed, 02 Apr 2025 19:29:09 +0000 hourly 1 https://barelyablog.com/geithner-gives-chinese-students-the-giggles/comment-page-1/#comment-6049 Thu, 11 Jun 2009 11:08:21 +0000 http://barelyablog.com/?p=9660#comment-6049 I read this quote on Vox’s blog:
“It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics….”
– John Maynard Keynes

]]> https://barelyablog.com/geithner-gives-chinese-students-the-giggles/comment-page-1/#comment-6039 Wed, 10 Jun 2009 22:28:33 +0000 http://barelyablog.com/?p=9660#comment-6039 For all that people moan about the balance of trade, it seems to be a very nice deal (for party B) if party A sends clothing, toys, and other tangible consumer goods and party B sends green sheets of paper with pictures of dead Presidents back. Like the nonsense of waiters owning McMansions with no down payment, that brand of Fantasy Express will one day end – and possibly sooner than anyone would like to acknowledge. I also wonder what the inhabitants of country B will think when they wake up to find that their Socialist inSecurity has been invested in B-2 bombers and Chrysler dealerships? As for the inhabitants of country A who now own Zimbabwe currency – they might have to say “Rotsa Ruck” (bad ethnic joke!). Ironic how our first central banker, Alexander Hamilton, will wind up on a new brand of green counterfeit-proof toilet paper!

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