Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Sea Otter who wrote (96235)	4/7/2009 4:44:22 AM
From: axial	4 Recommendations of 116555

"But here's the problem: no politician can say, much less do, what K advocates. It would be political suicide. The sheep won't tolerate someone telling them that the world has irrevocably changed and that we won't be getting our toys any more. People can't imagine a world truly different than the one we live in. And they can't link long-range enough to take or support action. It's the failure of our species, not the system." You nailed it. The politics of economics is an inescapable reality. Preaching economic virtue is like preaching purity: a waste of time. Politicians don't survive by telling voters to take bitter medicine. The outcome of economic folly is always the same: the disaster is visited on the currency, and over time, fractionally on every man, woman and child. That never changes. Jim

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