As reported in today’s Washington Post, in an article entitled “In Debate Over Nation’s Growing Debt, a Surplus of Worry.”
Leonard Burman, [a Syracuse University ] economist, says he has developed a computer model that shows that a “catastrophic budget failure” is a possibility.
“I try not to get too depressed, because if I really thought it was going to play out the way this model works, I would just move to a cabin in Montana and stockpile gold and guns,” he says.
Finally, an economist in touch with reality…
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{ 5 comments… read them below or add one }
Kashkari is in Nevada already.
Gee, too bad he caint sublet the unibomber’s cabin because with statements like these, he’s going to be treated like a unibomber.
I do like the compassion of the Washington Post though, displaying a giant advertisement for Johnny Walker next to this litany of sorrow. One can apparently now custom inscribe a bottle of Hooch for your most treasured friends. “Liquidity” takes on new meaning.
There needs no computer model, my lord, come from the grave to tell us this.
For sound financial investments, it’s hard to beat canned goods and ammo.
brass screws