“Not part of the deal”
Posted by Richard on August 9, 2011
Jimmy Kimmel, commenting on Monday's precipitous stock market plunge:
For years, we've been told that our kids and grandkids would have to pay for our out-of-control spending. Now we're being told that we have to pay for it?? That was not part of the deal!
There's a lot of painful truth in that joke. In response to concerns about the long-run consequences of his economic policy recommendations, Lord Keynes famously sneered, "In the long run, we are all dead." The long run has arrived. And we're not dead yet.
Subscribe To Site:
Leave a Comment