[lbo-talk] Discussing the Crisis/Bailout

Dmytri Kleiner dk at telekommunisten.net
Tue Oct 7 09:24:14 PDT 2008


On Tue, 7 Oct 2008 11:35:09 -0400, Doug Henwood <dhenwood at panix.com> wrote:


>> U6 says it's already 11% :-)


> Yup. So you want to drive U6 to 18%?

The Law of the Bailout: No matter how high unemployment goes, it would be higher without it! All hail the bailout, the bailout can be doubted!

The American treasure-diggers will never learn.

With his gift so bright and fair, To the arch-fiend be akin." "Pure life's courage drink!" cried he: "This advice to prize then learn,-- Never to this place return Trusting in thy spells absurd; Dig no longer fruitlessly. Guests by night, and toil by day! Weeks laborious, feast-days gay! Be thy future magic-word!

-- Dmytri Kleiner editing text files since 1981

http://www.telekommunisten.net



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