How’s that whole gold standard idea looking right now?
Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts
Friday, September 23, 2011
Monday, February 28, 2011
Today’s Lesson
The current politico-economic situation of the United States is clearly and accurately described in the following story, provided by the Show Tunes Correspondent.
A CEO, a union worker, and a Tea Party member are sitting around a table with a dozen cookies on it. The CEO takes 11 cookies, then turns to the Tea Party member and says,"Watch out for that union guy. He wants to take some of your cookie."
Paul Krugman can’t do it any better than that.
Tuesday, March 11, 2008
Economics 101
It is often said the Republican Party is the party of business. That the economy does better when Republican administrations allow it to operate unfettered by oppressive regulation and allow the natural order of business to balance things out on its own.
If that’s true, how come Republicans seem to own the franchise on financial collapse?
1929 stock market crash, leading to the Great Depression – Herbert Hoover, President.
1981-1982 liberalization of saving and loan regulations leads to S&L crisis – Ronald Reagan, President.
“Black Monday” stock market crash,
Subprime lending crisis – George W. Bush, President.
Is it true that Republicans have a better understanding of economics, or that they can’t tell the difference between sound policy and unsustainable greed?
The MBAs can leave now.
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