The Keynesian Path-to-Failure Game

I keep saying to JR and David: you really couldn’t make this stuff up if you tried. These guys at the top are supposed to be the “best and brightest” minds we have to offer; if that’s true we should all be building shelters while we can still afford bricks.

But then again, maybe gold buying is merely the virtual bomb shelter it’s advertized as on TV. The gold guys seem to understand deep in their gut, despite all the economic theories of cash flow, yield, inflation, deflation, or relative performance, US policymakers are heading down the path to a failure that will have worse consequences than it did during the credit crunch.