Saturday, November 27, 2010

Economic Insanity

A woman wrote into the paper with a two part solution to all our economic problems. Her first step is for everyone to stop buying things (she singles out video stuff and make-up)that she considers a waste of money. Her plan is for reinvigorating a consumer economy is for consumers to stop consuming! People should spend within their means but to stop spending on entire industries will: put those industries out of business, make thousands more people unemployed, and remove more people from the tax rolls. The second part of her plan assumes that all this money that would not be spent by consumers on what they want to buy should be sent to the government to use as they see fit. Brilliant! It is a large part of the problem that this dope is allowed to vote.
This level of economic analysis is equivalent to suggesting that the minimum wage be raised to $100 an hour so that everyone makes over $200,000 a year.

No comments:

Post a Comment