"The mind is a compact, multiply connected thought mass with internal connections of the most intimate kind. It grows continuously as new thought masses enter it, and this is the means by which it continues to develop."

Bernhard Riemann On Psychology and Metaphysics ca. 1860

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Wednesday, December 17, 2008

The Fed's Insane Madhatter Gambit

The problem here is the simple inability to fess up by Mr. Krugman, et al. that we have been living in a chimerical, nightmarish fairyland of post industrial/information age/consumer driven false economy for lo these many years since the 1960s. It is now come tumbling down. Alas, wheelbarrows full of greenbacks won’t put us back to the direction of a technologically vectored producer oriented economy. This sad nostrum is as old as mud and a lot more toxic. Weimar, anyone?

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