Friday, June 06, 2008

Beyond our means?

Keynes argued that in the long run, we're all dead. The long run has finally arrived, and it turns out Keynes was right.

It's just an accountant in a suit and tie, but utterly terrifying, and not for the squeamish or faint-hearted.

frankly, I prefer watching Dan Mitchell explain the Laffer Curve.NV
This one isn't entertaining at all. It's accounting, and I gather the average American couldn't sit through it.

That's why I'm increasingly convinced America is not going to escape economic disaster.
Terrifying is the word, Mr. Steele.
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