Monday, December 20, 2004

This guy Jim Kunstler can can write. From his blog:     The US government and the Federal Reserve have played a dangerous game of jiggering deficits and ridiculously low interest rates in order to keep the public buying stuff. Retail trade (i.e. shopping) is now roughly 70 percent of the US economy, but it is not an activity that produces anything of value. The productive part of the economy has either been allowed to rot away, or has been sent to other lands. The deficit-and-interest-rate jiggering game managed to levitate a non-productive economy for a few years. But with the dollar now in free-fall, the runaway train of "consumerism" fueled by incredibly easy credit is poised to go off the rails. 1:28:08 PM    comment []

Humor is dead Check out humor is dead. If you haven't already. 1:53:49 AM    comment []