How to Boil a Frog

FrogBlog

The Official Weblog of:
How to Boil A Frog The Movie

Back to the Main Site


Monday, June 2, 2008

Dispatch from the Frontier

Paul Krugman of the NY Times had recently seemed to be showing signs of having a clue about peak oil, but in today's column, he argues that we won’t see a repeat of 1970’s stagflation, even though everyone has suddenly discovered that the Fed was doing the wrong thing for the future (if there’s a right thing the Fed could do) by cutting interest rates as oil was about to drive the price of Everything through the roof.










No more health insurance, but colonoscopies are free!









A quote from Krugman's article:

But where are the unions demanding 11-percent-a-year wage increases? (Where are the unions, period?) Consumers are worried about inflation, but you have to search far and wide to find workers demanding compensation in the form of higher wages, let alone employers willing to accept those demands. In fact, wage growth actually seems to be slowing, thanks to the weakness of the job market.

And since there isn’t a wage-price spiral, we don’t need higher interest rates to get inflation under control. When the surge in commodity prices levels off — and it will; the laws of supply and demand haven’t been repealed — inflation will subside on its own.

So Reagan breaks the backs of the unions, and Bush breaks the spirit of the consumer, making sure that no-one would have the power or will to demand compensation when it finally came time for the super-rich to take the rest of their money. Even the Elite Formerly Known as Wealthy are selling the silver and waiting on their rebate checks with the rest of the hoi polloi.







On the bright side, I get to keep my barrel!













Is it too much to theorize that the Bush clan made a pre-election deal with the Saudi branch of the family to crash the US economy, so that its assets could be sold off at fire-sale prices at the end of Term 2? Will Bush be retiring to Riyadh, rather than Crawford or his 99,000 acre spread in Paraguay, to watch the decline of the Ghawar field, and the end of America along with it?

Well, I'm all right, Jack. I've got my pot.


7 Comments:

Blogger xiao daigege said...

20150602daigege
pandora charms
michael kors handbag
michael kors outlet online
michael kors outlet online
coach factory outlet
michael kors handbags
fitflops sale clearance
ray ban glasses
chanel outlet
replica watches
gucci outlet online
kate spade outlet online
ray ban sunglasses
ray ban sunglass
abercrombie outlet
gucci outlet
true religion
coach outlet
hollister clothing
air max 95
ray ban uk
michael kors handbags
toms shoes
michael kors outlet
oakley sunglass
tory burch outlet
pandora jewelry
coach outlet store online
oakley sunglasses outlet
coach outlet
air max 90
coach outlet online
ray ban sunglasses
burberry outlet
chanel online shop
coach outlet
coach factory outlet

June 1, 2015 at 11:37 PM  
Blogger 方松腾 said...

TEN0409
babyliss flat iron
mulberry handbags
longchamp handbags
mulberry handbags
michael kors uk
mulberry handbags
hollister uk
tiffany jewellery
oakley sunglasses uk
fitflops uk
fitflops shoes
ralph lauren outlet
ralph lauren pas cher
tiffany and co
oakley sunglasses wholesale
hollister shirts
tiffany outlet
hollister shirts
coach outlet store
mulberry sale
oakley sunglasses
oakley sunglasses wholesale
ray ban sunglasses
oakley sunglasses
hollister clothing
kate spade handbags
burberry outlet online
coach outlet online
true religion jeans
burberry outlet

April 8, 2016 at 6:38 PM  
Blogger xjd7410@gmail.com said...

coach factory outlet
louis vuitton bags
adidas superstars
coach outlet
uggs outlet
uggs for women
kobe bryant shoes
toms shoes
supra sneakers
gucci outlet
the north face jackets
christian louboutin shoes
coach factory outlet
louis vuitton outlet stores
north face outlet
rolex watches
jordan retro 11
louis vuitton outlet
coach outlet
ugg uk
giuseppe zanotti sneakers
celine handbags
true religion
coach outlet store online clearances
ray ban pas cher
louis vuitton bags
adidas running shoes
air jordan 13
ray ban sunglasses
chenyingying2016811

August 11, 2016 at 2:43 AM  
Blogger Hua Cai said...

cheap nfl jersey
nike free run
tiffany and co
cheap oakley sunglasses
ugg boots
michael kors outlet clearance
adidas nmd runner
cheap oakley sunglasses
swarovski jewelry
tiffany outlet
20170113caihuali

January 12, 2017 at 9:22 PM  
Blogger Unknown said...

nike store
michael kors handbags outlet
polo ralph lauren
cheap ray bans
christian louboutin shoes
nike blazer pas cher
kobe shoes
oakley sunglasses
nike shoes
louis vuitton outlet
chanyuan2017.03.31

March 30, 2017 at 10:03 PM  
Blogger Meiqing Xu said...

coach outlet
michael kors handbags
chicago bulls jerseys
mulberry outlet
fitflops
hermes bags
houston rockets jerseys
toms shoes
true religion outlet
oakley sunglasses outlet
20170419caiyan

April 19, 2017 at 4:02 AM  
Blogger dong dong23 said...

polo shirts wholesale
converse outlet store
michael kors handbags
adidas nmd xr1
roshe run shoes
calvin klein jeans
levis outlet
under armour shoes
kobe 12 shoes
mcm bags
2017.4.22chenlixiang

April 21, 2017 at 5:53 AM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home