How We Got Here: Trusting Serial Psychopaths

Bernanke, Krugman, Summers and other PhDs all exhibit the same superhuman ability to refute reality.

They think this is a game of Dungeons and Dragons where you make up clever-sounding bullshit as you go along.

Can we borrow our way out of a debt crisis?

We must:

ZH: June 3rd, 2012: Larry Summers Does It Again:

The President of Harvard:

"The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending."

"Rather than focusing on lowering already epically low rates, governments that enjoy such low borrowing costs can improve their creditworthiness by borrowing more not less."

All based upon their shared belief that counter-cyclical Keynesian policy can be abused on a pro-cyclical multi-decade basis to fund serial military blunders and tax cuts for the ultra-wealthy. The ungodly conjoining of Fiscal Policy, Monetary Policy, and Supply Side Outsource Economics with Neocon Exceptionalism into one massive ball of insanity, all managed by and for total fucking dunces.