Isn't that nice, Reagan's former budget director David A. Stockman has taken to the New York Times to scold at us about debt and government spending and the fact that the "recovery" is a "bubble." The good news is that we weren't actually aware that there had been a recovery, so when the bubble pops we probably won't be affected. The bad news, according to this guy anyway, is everything else, but if you frequent Wonkette you are probably used to bad news and can take it.
You can see the GoldTard point of view ... imagine if the <i>entire money supply of the USA</i> was still tied to a pile of gold. The stuff would be worth a million dollars an ounce. (And grave-robbers would be the biggest category of criminal.)
There&#039;s a dystopian novel here, if anyone wants to scribble it out: <i>The Stockman Chronicles.</i>
I&#039;m just disappointed that the NYT allowed him to advocate gold buggery, without disclosing that he owns a pile of (apartheid-era) Kruggerands.
So it&#039;s been all downhill since 1933? Talk about a slow process . . . good thing Stockman waited until after the G.W. Bush Fuckup Decade to come up with his theory. Because until then, he was wrong.
As a rule, I tune out whenever someone starts conjuring the Asian debt boogeyman, given the small percentage of the public debt that is actually held by China and Japan.
Awaiting the next Krugman article &quot;David Stockman is a crackhead.&quot;
I was hoping this was Ross Perot&#039;s vice presidential running mate, because Perot is a barely-touched potential source of endless Wonkette jokes. Sadly, I was confusing him with Stockdale. I feel so ashamed.
So, the <strong>Fed</strong> is responsible for offshoring? How does that work?
You can see the GoldTard point of view ... imagine if the <i>entire money supply of the USA</i> was still tied to a pile of gold. The stuff would be worth a million dollars an ounce. (And grave-robbers would be the biggest category of criminal.)
There&#039;s a dystopian novel here, if anyone wants to scribble it out: <i>The Stockman Chronicles.</i>
That&#039;s because the billionaires only own about half of America. Once the GOP hands them the other half, we&#039;ll get the full trickle.
I&#039;m just disappointed that the NYT allowed him to advocate gold buggery, without disclosing that he owns a pile of (apartheid-era) Kruggerands.
The Du Ponts, mostly.
Looks like Ronnie is up to his waist in ketchup in the picture.
Wait wait wait wait wait.
A <em>Reagan</em> guy decrying monetarism?
That&#039;s some gold-plated brass-balled choots-pah right there. Fuck me!
So it&#039;s been all downhill since 1933? Talk about a slow process . . . good thing Stockman waited until after the G.W. Bush Fuckup Decade to come up with his theory. Because until then, he was wrong.
As a rule, I tune out whenever someone starts conjuring the Asian debt boogeyman, given the small percentage of the public debt that is actually held by China and Japan.
Awaiting the next Krugman article &quot;David Stockman is a crackhead.&quot;
I was hoping this was Ross Perot&#039;s vice presidential running mate, because Perot is a barely-touched potential source of endless Wonkette jokes. Sadly, I was confusing him with Stockdale. I feel so ashamed.
You know who else had trouble with FDR in the 1930s?