Friday, February 17, 2017

There's This Thing Called "Demand"

"...our wisdom, too, is a cheerful and a homely, not a noble and kingly wisdom; and this, observing the numerous misfortunes that attend all conditions, forbids us to grow insolent upon our present enjoyments, or to admire any man's happiness that may yet, in course of time, suffer change. For the uncertain future has yet to come, with every possible variety of fortune..."
- Solon, by Plutarch

Supply-Side fucktards never heard of demand. Hard to believe. Thirty-five years of Ponzi borrowing later and they are still looking for the prize at the bottom of the Cracker Jack box. You know, the same one where they got their degrees. Which I wouldn't wipe my ass on if they were printed in 4-ply...

U.S. Federal debt with U.S. balance of trade
Someone flunked Econ 101:

Speaking of supply and demand

Oil versus Gasoline
We've seen this movie before a couple of times. But don't tell the old age home, they like watching the same movie over and over again, because they're always surprised at the ending...

"It just isn't going to work"