• 6 Posts
  • 107 Comments
Joined 2 years ago
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Cake day: March 31st, 2024

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  • “One lesson from 2008, he argues, was that boosting the incomes of those at the bottom is the only sustainable way to grow an economy. When the rich get extra money, they tend to save it, which simply pushes up asset prices; when the poor get extra money, they spend it, which creates all sorts of real economic activity.”

    No shit, Sherlock.



  • Reminds me of this Douglas Adams quote referencing Fawlty Towers:

    “The switch had two settings. You could either turn it to AUTO, in which case the awning lowered itself whenever the sun came out, or you could set it to MANUEL [sic], in which case, we assumed, a small, incompetent Spanish waiter came and did it for you.”