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Friday, March 20, 2009

And Circumciiiiised The Skiiiiiipper!

One of my favorite economic blogs, UK Bubble, posted a very interesting video of a talk on the subject "Why Do People Cheat". It's worth viewing and I plan to write about some of the implications.

I am recovering, but the shock of reading about the Treasury's plans to spend over 1.4 trillion dollars buying securitized debt by printing money is durable. It will be another day or two before I can stop reeling and write coherently. It is a cheat, and it is going to be a very costly one for the average American.

Here's a question for you: Why are UK bigwigs talking about reality, whereas our leading lights seem bent on boldly trekking further into economic Fantasia?

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