A Poorer World Short of High Quality Assets with Ample Infrastructure Investment OpportunitiesHe certainly gets his main point in the title. He says that even though the world is poorer because of the Japan mess, there is more skew. Some parts of the global economy have gained in relative value due to the skew that results from a global adjustment. In this case, Brad points out that our Congress is now rated higher, relatively speaking, because of radiation leakage in Northern Japan.
I didn't need radiation leaks in Japan, I simply realized our Congress can work a three week budget cycle! That is a major improvement among the corrupt in DC. Less pontifications and more work, Congressional productivity has a great multiplier, mainly because Congressional idiocy is one of the economic disasters we face.
It is about the Internet, we can see right through the politics. For example, Paul Ryan cannot hide the fact that he was formerly a budget busting, deficit loving Communist under lil Bush. Everything he does today is cast against the errors he made in the past.
When my Senator Babs Boxer pulls out her political correctness language, we spot the lunacy right away. We now know that it is Billy Kristol declaring war, and California paying the tab. We fully accept the risk that the Tea Party might turn into a debt busting popular spending movement. We can find, locate and point to the county commissioners who bankrupt local government. We can drill into the literature and keep the Keynesians honest.
I think, great, we should be able to operate Congress forever on a three week budget cycle, we have the technology.
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