Quote:
Originally Posted by mcsluggo
and Jim Thorpe and Babe Ruth smoked cigarettes and drank like sailors on shore leave, whereas Shawn Bradley was a teetotaler... we can draw our own conclusions about the effects of cigarettes on athleticism.
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if one were to argue that cigarettes causes people's heads to explode, thereby rendering them unfit for competition, then I think the examples of Jim Thorpe and Babe Ruth would rebut that argument pretty effectively.
by way of analogy....this is pretty much the argument against deflation -- that it feeds a viscious cycle downward....
...but it doesn't, and the 19th century gives us about a hundred years of evidence that the fears stoked about deflation are a bit of reefer madness.
(btw.... I believe "Fiscal Stimulus" = "Re-fellating the Economy")