Saturday, November 8, 2014

A Too High Tolerance for Lies and Bullshit

Ponzi Borrowing Visualized
aka. The Obama pseudo-recovery
U.S. real GDP per capita less the Federal Deficit


Having been squandered on tax cuts and military blunders, the Keynesian economic multiplier is now negative for the first time in U.S. history. Analogous to using antibiotics for 35 years straight and then acting surprised when they stop working.



A 35 year love affair with lies and bullshit