Deficits are a girl’s best friend. Or, running a country is not the same as balancing a household budget. Take that, free marketeers! Via Ms Magazine.
The picture at this blog shows exactly why reading is important. I’m also going to take on her comments about identifying my writing strengths.
Astronomy Picture of the Day!
A starry night over Dubai. Or not, because of the light pollution. But the photographic effect is still pretty cool.
The deficit spending is the old keynesian idea that is making a comeback and one that I agree with. Though she makes some good points, no one, not even a country, can live beyond its means.That picture is superb, and thanks for sharing it on facebook. Stunning photograph too.
Ah, but a country has ways to increas its means that individuals do not. I think that basically economists don't understand what they think they understand and the ascendancy of Chicago-school type free market economics is incredibly damaging.
The chicago school mob have caused more chaos than any dictator (Naomi Klein: Shock Doctrine), but there have to be some limits to borrowing.Paying back during the good times and borrowiung during the bad times is not a bad mantra.