Monday, August 1, 2011

Boy is Interfluidity confused!

Whoever writes that blog claims the deep revisions in GDP was the result of embezzlement. He must have been educated at Princeton. Let me help.

Go back to Menzies charts on the revisions. What will you find there? Exports were accurately estimated, the domestic economy was not. What has the domestic economy been doing since the crash? Spending federal money via the socialist central banker, and Treasury. The embezzlers are in DC, they are operating with a very distorted view of what DC multipliers are right now. The embezzlers are the Keynesians!

There is a lot of hysteria and the webosphere is throwing up softballs for me to hit.

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