Sunday, March 31, 2013

State-Wrecked: The Corruption of Capitalism in America (NYT)

A very good article, in our opinion. Whether you are optimistic or pessimistic regarding the market, we recommend inserting the word, 'cautiously', in there when describing your view and your decision-making process.

"In effect, the G.O.P. embraced Keynesianism — for the wealthy. ... The Democratic Keynesians, as intellectually bankrupt as their Republican counterparts (though less hypocritical), had no solution beyond handing out borrowed money to consumers, hoping they would buy a lawn mower, a flat-screen TV or, at least, dinner at Red Lobster."

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