R C Macaulay wrote:
Howdy Vorts,
The USA has operated under the Keynesian economic model since FDR.
This model ,as in all pyramid schemes, anticipates a sustained gravy
train with biscuit wheels economy where everything purchased yesterday
will be paid for in tomorrows dollars.... well.. err.. until.. there
is no tomorrow.
It's the mother of all pyramid schemes. John Kenneth Galbraith was a
student of John Maynard Keynes, and a member of ,That Awful Man in the
White House's brain trust. Someone pointed out that his economic ideas
wouldn't work in the long run. Galbraith's reply was, "in the long run
we will all be dead." Galbraith died a few months back, his scheme out
lived him.
The deterioration of the US economy is following an exponential curve.
With the rejection of the US dollar by oil producing countries, this
deterioration has now gone into the straight up portion of the curve. It
has been prophecized that a new source of energy will emerge in the next
5 months, which will allow America to balance it's trade deficit. Yah,
Yah, and my pig plays the flute.
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