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Notes to myself, possibly of interest to others.
-- Bill Northlich

Thursday, May 31, 2012

What Do You Expect Will Happen When People Have No Jobs And No Money...

Says Duncan Black:
I knew we had a wee housing bubble because I knew that not enough people possibly had enough money to really afford that many houses at bubble prices. Similarly, I know the economy is going to continue to recover slowly, if it all, because people don't have jobs and money. I also know that if you deliberately enact policies with the obvious consequences of making large numbers of your population jobless, such as firing large numbers of public sector workers, then newly unemployed and broke people aren't going to spend any money because they don't have any.

The people who rule the world have jobs and money. They don't know what it's like to go from living paycheck to paycheck to living with no paycheck. They support the policies that they do because they cannot comprehend the obvious consequences of this.

The purifying effects of completely destroying an economy were supposed to save it. By making sure nobody had any money, everyone would have the confidence to spend!
Greek retail sales by volume fell 16.2 percent year-on-year in March, with the pace of the decline picking up after a revised 12.9 percent drop in February, data from statistics service ELSTAT showed on Thursday.
You can't even really parody the thinking, because it's that f...g stupid.

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