Monday, January 12, 2009

"Depression Economics" -- Balderdash!

I had meant to stop reading and writing about the economic situation. So.... Um... Yeah.

I read an excellent article today about the foolish notion of "depression economics", how common sense is exactly wrong when it comes to hard economic times. The rebuttal linked below is something I wish I was competent enough to write. Fortunately for you, I'm competent enough to link to it. :)

Does "Depression Economics" Change the Rules?


The next time somebody talks to you about the "Paradox of Thrift" you can respond with the "Consequences of Waste" -- which incidentally doesn't even require a paradox!

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