Thus the excess “private” debt is not private. The normal level of public and “private†debt is about twice GDP, say twenty six trillion, so we are about thirty trillion or so in the hole and getting deeper fast – well past the danger level of twice GDP.
Author: Jim
US turning french
It is getting steadily harder and harder for someone to find a new job – and having found a new job, harder and harder to afford a house – presumably because of the very great and rapidly increasing regulatory burden on building houses and hiring people. This renders employees powerless before their employers, which tends to result in class war and social violence as in France, and tends to result in greater regulator burdens.
“There is no axis of evilâ€
http://hotair.com/greenroom/archives/2009/08/28/uae-seizes-ship-bound-for-irancarrying-north-korean-weapons/trackback/
Obama care in twenty words.
Obamacare is a proposal to redistribute health care from those who voted against Obama, to those who voted for Obama.
The cause of the crisis 4
I have issued a bunch of posts, each titled the “the cause of the crisis”, and each giving a different cause – but each of these causes was itself caused by, or caused, all of the other causes. This post addresses ratings for debt.
Murderer of Mary Jo Mary Jo Kopechne dies
After influencing and writing a vast amount of legislation, all of it as evil and repugnant as himself, Edward Kennedy died forty years after disposing of an inconvenient mistress. By accident or design, Kennedy’s car wound up upside down in the water, with Kennedy not in it, and his girlfriend in it. It retained an air bubble for a substantial period, which means that his girlfriend was alive for a substantial period. Kennedy then proceeded to construct an alibi, to …
Prospects of hyperinflation
Incumbents that engage in hyperinflation usually gain political benefit in the short run, and the short run is all they care about. The Weimar government was not punished at the polls.
Goldfellas
This is a spoof of Goldman Sachs CEO Lloyd Blankfein memo warning employees to avoid making big-ticket, high-profile purchases
The error of conservatism
the female sexual impulse, evolved in a world of patriarchy and strong social restraint on female sexuality, is maladaptive in a world of equal position within status hierarchies and no external sexual restraint.
The Amazing Brilliance of Sarah Palin
Palin described “America’s Affordable Health Choices Act” as death panels. The Cathedral, (meaning the MSM, the politicians, the professoriat, senior public servants, and assorted people employed in the upper reaches of the ever more numerous quasi governmental organizations) react with apocalyptic outrage – thereby drawing the public’s attention to various parts of the act that are, indeed, death panels. Sarah Palin smiles sweetly and lets them hammer themselves to pulp. After uncontrollably inflicting massive damage on themselves, they delete most …