Quote:
Originally Posted by alexamenos
This underlying assumption, that recessions are caused by you refusing to rack up credit card debt, undergirds every Keynesian and Krugman "remedy" for the economy. Hence, according to the Keynesians and Krugmans, it's good if you spend $1,000 on a useless hole in the ground, but 10x better to spend $10,000 on a useless hole in the ground.
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From Fox News this morning:
Be patriotic, shop.
Obviously the Fox News channel talking head, like virtually all other belt way insiders, believes that we can shop our way to an economic nirvana.
...go buy some shit you don't need with money you don't have, it's your duty as an American Citizen.