This article from Slate does a very decent job at explaining how bad the economic situation is and will most likely remain so for the foreseeable future. Then near the end, the classic Keynesian slip, “That is not to say that there is nothing to be done, of course, or that the current state of affairs is inevitable. More stimulus or more aggressive monetary policy could help the economy, boosting employment and keeping the self-sustaining recovery going. But such measures are unlikely, given Congress’ concern with the debt ceiling and cutting spending [Emphasis mine].” Print more money? Great idea–bring on hyper-inflation!
Sean Dempsey
Sean Dempsey is an author, entrepreneur, and real-estate investor whose writing spans personal finance, psychological horror, and philosophical fiction. He is the author of Financial Cheat Codes: How to Win the Game of Finance as well as the fictional works The Shunt, The Lost Tapes of Doctor Michel Siffre, and Dead Stars Shine Brightest. Drawing upon more than 15 years of experience founding businesses and investing in real estate, Dempsey explores subjects ranging from financial independence and self-sovereignty to human consciousness and the search for meaning. He is also one of the hosts of the podcast 'Metamodernism Uncensored.'
http://dempseyestates.com
Related Articles
Fighting the War on Drugs: What Real Political Courage Looks Like
Posted on Author Sean Dempsey
In the aftermath of Rand Paul’s recent support of the War on Drugs ( http://reason.com/blog/2013/05/13/rand-paul-assures-evangelicals-that-he-d ), many people have defended Senator Paul, saying, “He was speaking before the most socially conservative audience in the country. What do you want him to do? Tell them that the government has no business legislating morality? Tell them that […]
Gitmo Economic Numbers – Some useful info if you are a US Taxpayer
Posted on Author Sean Dempsey
Our national, annual spend on one of the most loathed American-owned/operated sites is beyond the pale. Put aside the inhumanity for a second and brush aside the self-proclaimed, non-constitutional “right” for the US to detain prisoners without trial for an unlimited amount of time; put all that aside and you still have the sheer cost […]
Eliot Spitzer and Sophistry
Posted on Author Glaucon
In Ancient Greece sophists were teachers who taught virtue, which in those days generally meant the art of statesmanship, to young men rich enough to afford their services. Sophistry, as their art was called, is a trade much criticized in the dialogues of Plato, where Socrates attacks not only the practice of teaching for a […]