Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Great Stagnation’

How much is enough? A guide to dissatisfaction & satiety.

Posted by Warm Southern Breeze on Sunday, June 9, 2013

Late Southern humorist & columnist Lewis Grizzard once wrote a book entitled “Elvis is dead, and I don’t feel so good myself.” The title seems apropos, especially since economics is colloquially known as “the dismal science.” 

And then, there’s former Soviet Union premier Nikita Khrushchev who once famously said during the early stages of the Cold War in 1956, “We will bury you!

Either way, it means somebody’s gonna’ die.

Considering the implications, however, I ask these questions:

How many beds can a man sleep in at once? How many meals does he need before he is full? In how many cars can he ride at once? In how many showers can he bathe at once? How many shoes can he wear at once? In how many houses can he live at once?

How much is enough?

A pessimist’s guide to the Great Recession

Review by Ferdinando Giugliano
June 9, 2013 4:36 pm
A provocative critique of policy makers’ response to the economic crisis

When the Money Runs Out: The End of Western Affluence,
by Stephen King, Yale University Press, RRP£20/RRP$30

Academic debates over the right policy response are one of the few abundant commodities during an economic crisis. Just as in the 1930s and 1970s, the financial crisis that began in the late 2000s has divided economists into two camps. The neo-Keynesian troops have Read the rest of this entry »

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