Comments on: UPDATED: The Animal (Spirits) Move Chairman Ben

By: CompassionateFascist

CompassionateFascist — Fri, 10 Jun 2011 04:56:02 +0000

30 years of cheap labor-importing open borders immigration, sweatshopping the working class, and 30 years of job-exporting “free trade”, killing the middle class, have also killed real demand. Thus the effort to force demand thru cheap credit, EZ debt, and now monetization of debt. As Ilana says, it’s not going to work. I expect complete economic collapse by mid-2012 and, if it turns out to be Rick Perry vs. Zero, an 1860’ish Prez election. CW II, coming down the pike.

By: james huggins

james huggins — Thu, 09 Jun 2011 12:32:25 +0000

Surely, even Obama isn’t stupid to dump billions down a Greek rat hole for no good reason while the United States is declining at an increasing rate. I just can’t figure out what he’s up to. Whatever it is it aint good.

By: bebe tracy

bebe tracy — Wed, 08 Jun 2011 19:39:51 +0000

There is truth in what you say Ilana, but you have to admit Obama's promises to help everyone who is to lazy to earn a good living, and to give financial aid to other countries, such as Greece, recently, is not helping our economy either. Obama doesn't have the brains God gave a domestic turkey.

By: Jim

Jim — Wed, 08 Jun 2011 18:58:25 +0000

Is Economics actually a discipline?

At least for the irrational Keynesian theories, it is almost wholly based on the mystifying psychology of ‘animal spirits,’ and dissembles from there.

The latest book, “Animal Spirits,” supporting more and ‘better’ regulation, is a veritable hodgepodge of logical fallacy and silliness.