The trouble with The Economist, The Financial Times, the US government and most mainstream economists is not that they don't know what is going on but that they don't want to know.
Nobody gets a Nobel Prize for letting the chips fall where they may. Nobody attracts readers by telling them that there is nothing that can be done. And nobody gets elected by promising to do nothing.
So they continue giving bad advice...and following dead-end, counter-productive, zombie-feeding policies.
-Bill Bonner
http://dailyreckoning.com/zombie-spending-on-things-already-consumed/
QuoteSo they continue giving bad advice
Any advise to people in dire straights is advise. We need to be informed and not knee jerking, and take care.
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