Sunday, June 01, 2014

C.R.E.A.M. is the reality they understand. The real question is was it a choice?

 Oh, this graph? You don't know it? Really? The USA GDP from 1923 to 2008.

It is like the Hockey Stick graph; after a while it is recognizable and you know exactly what worked and what didn't work during all this time. I mean every economist understands all this, right? The life and times and what changed everything. No? Ah, come on, every Larry Summers who can't find his way to Main Street if his paycheck depended on it knows this.