Monday, February 16, 2009
The Mugabe School of Economics
There is the Austrian School of Economics, which advocates limited government involvement in the economy. And there is the Keynesian School of Economics, which advocates taxing the population, so that the central government can guide the economy. Personally, I subscribe to the Austrian School.
I have to congratulate the new Administration on developing a whole new method, the Mugabe School of Economics. In this school of economics, you establish a fiat currency, and then print lots of it. You are then able to buy lots and lots of stuff and favors.
Smart guy, this Geithner. Him and his boss.
I get the feeling that the power structure intends a smooth transition from the Mugabe School of Economics to whatever they have envisioned to come next.
Posted by Bill at 3:40 PM