The real reason that our economy will collapse is not because the middle class will start saving, but rather -- in instinctive self-preservation -- the ultra-rich will avoid conspicuous consumption to dodge the political consequences of calling attention to the their ill-gotten wealth.
Sunday, December 28, 2008
Previous Posts
- Bismark was right. There is nothing better than o...
- It's not the dirt you see!
- There is something touching when I read plans for ...
- Another argument against Government backed mortgag...
- Since our political system requires money to opera...
- So now they are finding a biological basis for dec...
- CDSes on Treasuries have quintupled in cost, but -...
- The Dialectic in Action!
- Change from the inside?
- With Obama's policy of saying yes to everybody, ou...
0 Comments:
Post a Comment
<< Home