Posted by WARREN MOSLER on 26th January 2011
“You’re the type that would complain if they hung you with a new rope.”
Hopefully this entire administration and Congress will go down in history as the last out of paradigm regime that nearly succeeded in turning the US into the next Japan, which now includes the drive to become a net exporter, before the lights came on and every lived happily ever after.
Meanwhile, it’s more of the same, with Paul Ryan ratcheting up the fear mongering after taking the hand off from President Obama, specifically stating we were going to be the next Greece if didn’t take immediate proactive measures.
And, of course, absolutely not a peep of criticism from any politician, the media, or headline economist- hawk or dove- on that operational absurdity.