Archive for February 4th, 2009

Nancy Pelosi: “Every month 500 million Americans lose their jobs.” »

House Majority Leader, Democratic Congresswoman Nancy Pelosi, demagogued in a press conference today what she believes will happen without President Obama’s “stimulus package” being passed before Presidents Day, February 16th: I really think that if we do not have an economic recovery package, every month 500 million Americans lose their jobs. I don’t think…
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Craig Pirrong on Intertemporal Consumption »

Craig Pirrong explains the Keynesian system, which he aptly describes as “bilgewater economics.” At root, stimulus advocates appear to be substituting their preferences for those of the great unwashed. People want to save too much, the bastards. If we give them money, they’ll STILL save it. So, we’ve got to consume for them. Traditional…
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