Thanks Roger. I watched that yesterday– it’s even better than the last one. Guys like Sachs astound me — they act like they know what’s going on, but never have to prove it by making business decisions. Why would default seem like such a horrible outcome to him, unless he’s shilling for his buddies in the banks?
Better to make the whole world debt slaves than ever have another government default, I guess. Bureaucrats and bankers are top priority.
The global education system on macroeconomics is absolutely rotten, poisoned by these types of guys. They are never short of these banker/politician ass-lickers. It makes sense though, these guys help put credibility on the crooked bankers & politicians… while they get financial support from the guys whose asses they lick.
Mike, this is another very exciting Hendry exchange.
http://www.zerohedge.com/article/hugh-hendry-i-would-recommend-you-panic
I love it when Hendry takes on these fiscal moron professors. Stiglitz last time, Sachs this time.
Thanks Roger. I watched that yesterday– it’s even better than the last one. Guys like Sachs astound me — they act like they know what’s going on, but never have to prove it by making business decisions. Why would default seem like such a horrible outcome to him, unless he’s shilling for his buddies in the banks?
Better to make the whole world debt slaves than ever have another government default, I guess. Bureaucrats and bankers are top priority.
And even more astonishing is how heavily decorated this guy is: http://en.wikipedia.org/wiki/Jeffrey_Sachs
The global education system on macroeconomics is absolutely rotten, poisoned by these types of guys. They are never short of these banker/politician ass-lickers. It makes sense though, these guys help put credibility on the crooked bankers & politicians… while they get financial support from the guys whose asses they lick.