economics 2.0

mass media is vanilla low fat yogurteconomics is no longer understoodthe DJIA equals the economyAmerica is afraid stupid, bad behavior is applaudedeasy money is goodpoor lending decisions by banks is excusedit is ok to do the wrong thing as long as everyone else is doing itgreed is goodfed fixes problem …

Fed Panics

The Fed is being led by the Wall Street to panic. What is the underlying economy doing. Is our economy defined by the DJI average or by jobs and production and sales. Where is the sound, rational analysis. The housing market is in a slump compared to the hyped up …

The discussion around Bush’s tax rebate proposal is hard to believe. I haven’t been able to find much concern about how we will pay for this. There seems to be no responsible parties in government, business or media. Let’s just give ourselves more money so we don’t have to tighten …

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