To Hell with the Long Run
For Christ's sake stop worrying about the long run and whether long run US fiscal policies will be sustainable. We should be trying as hard as possible to undermine confidence in the creditworthiness of the US government, and especially in the soundness of the US currency. We should be doing everything we can to discourage investors from holding their assets in US Treasury securities. We should be following a policy explicitly designed to bankrupt the US Treasury. Some time later (possibly much later) it will be necessary to change this policy, but let's try not to give away the secret that we intend to change it.
Sent via BlackBerry from T-Mobile
Sent via BlackBerry from T-Mobile
posted by knzn at 11/07/2008 11:21:00 AM
4 Comments:
Is this a Swiftian "Modest Proposal" or serious policy advice?
Since nearly all of the US' foreign debt is denominated in dollars, we can decouple the two ideas you mention: dollar decline and Treasury bankruptcy. Just devalue our external debts, but keep all domestic lenders solvent.
But maybe I don't understand what you're getting at. In deference to the "knzn" Homeric theme, perhaps I am living in the Land of the Lotus Eaters.
I Know Power Balance bracelet is very popular all over the world.
And so many wholesalers buy Power Balanceand silly bandz from us for Christmas' gifts.
Free shipping! brandshoes2trade.com
I just have this energy level that I've never had before. The only thing that's changed is I've started wearing my Power Balance and nike running shoes
Oakley sunglass outlet is a manufacturer of dtycxy0mcb designer sunglasses. Based in Italy, Today, the company makes oakley sunglasses on sale and goggles for skiing, biking, motorsports and other sporting activities. oakley radar lenses are sports/fashion orientated sunglasses inspired by the iconic Oakley Panamericana Mexican car race and were first launched in 1953 in Austria. A typical wearer of oakley gascan polarized sunglasses is always on-the-go Oakley sunglasses undergo extensive development and are
oakley jawbone lenses tested by athletes, In addition, oakley m frame sunglasses the special coating on the lenses provides extra protection from the sun. With any sports orientated oakley oil rig polarized sunglasses ,A pair of oakley frogskin sunglasses definitely make a real style statement. Some of the best selling modals for Ray Ban oakley xs O frame snow goggles are Ray Ban Aviator sunglasses
oakley flak jacket polarized sunglasses brand that was originally inspired by the now famous Panamericana race that took place in 1953.
For such a long time already,fate w81nx81 has been playing with them.
Cheap Snapback Hats
Snapback Hats Wholesale
Cheap New Era Hats
Wholesale Hats
New Era Fitted Hats
Cheap MLB Hats
Cheap NBA Hats
monster energy hats
Red Bull Hats
Superman Hats
Post a Comment
<< Home