Our Broken Economy
Forgive us a short rant this evening. This country is sick. When the three main engines of growth – consumer spending, real estate, and financial services – are broken, it’s just not possible to make any economic progress. And for just a moment, let’s think about how pathetic those key sectors really are. Cogent analysis of our per capita consumption requires some historical knowledge, since no contemporary people compares with our particular level of decadence. At least the Romans had…
Wednesday, June 11, 2008
1 Comment