Frank and Ernest by Thaves for February 15, 2009
February 14, 2009
February 16, 2009
Transcript:
Ernest says, "Mister buck, the economists who wrote this article are concerned about deflation. What's your opinion?" Deflation Risk Deflation, a sustained drop in the level of prices, poses a risk to economic recovery. During the Great Depression there was a deflationary spiral in which lower prices resulted in lower wages and lower deman which resulted in more price declines... Mister Buck says, "Deflation would be a good thing! Checks won't bounce much!" Frank says, "If mister Buck is put in charge, the next bailout will turn ito a deep-water salvage operation!"
Hmmm - the last war on poverty left “US” with the highest levels of poverty in our history. Whenever our government tries to eliminate something, we always end up with more of it. As for the world being killed by “US”, I think it will eventually and more likely be China, India, Russia, or combinations thereof, mixed in with a liberal helping of middle east.