07 January 2011

A Word for the Œconomic Fool


A Word for the Œconomic Fool



Please don't needlessly stick a monkey-wrench between the spokes of the bakercycle now that it is finally on a roll, going on about the disemployment that everybody can see, rather than about Zukunftsproduktivität knowable only by the pure of heart and differential of equation.

Why, the comrade is even going on, a little bit, about inequality, of all lumpy-prole things!

Those who read Dr. Baker over chez soi every day, as Ms. Poster seems not to, will appreciate how dreadfully low he is slumming in this off-beat article. A proposition like the following

The massive trade deficits of the last decade were the direct result of the over-valued dollar. These deficits led to the shortfalls in demand that were filled by the bubble-generated growth.

is so extremely semi-intelligible that it must be *grossly* oversimplified.

The sentence immediately after those two suggests a complete abadonment of High Mammonography for the exchequered shade of belles lettres:

The over-valued dollar also had the effect of PUSHING DOWN the WAGES of manufacturing workers BY ELIMINATING many of their JOBS.

"The carp of sarcasm surfaces in the pond of discourse"! ’Tis not quite Dean Swift, but definitely headed that way.

‘Orwellnomics’ at best, *that* unprofessionalism is.

Happy days.

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