Pickpocket Macro May 24, 20101 (Photo credit: stevendepolo)
In a previous post, Fiscal Cliff? or Political Theater? I said, “The fiscal cliff political theater being preformed on the Washington D.C. stage is just that, a performance. It is not being performed for the benefit of the audience, it is being performed for the benefit of the actors.
I should have said, “the political actors, the politically connected, and the media” because all of them benefit at our expense. We have to understand this joke, known as the fiscal cliff, is on us. While we were watching this political theater, the back stage workers were in the parking lot breaking into our cars stealing whatever they could, and were also picking the pockets of the audience during intermission. (more…)
AUSTRIAN ECONOMICS ADDICT 