08-08-2020, 11:16 AM
** 08-Aug-2020 World View: 1990s Orthodoxies Have Obviously Been Disproven
This morning there was a news panel show on the BBC, and one of the
panelists was Jef McAllister, introduced as an American journalist.
He is apparently the former London Bureau Chief of Time Magazine.
He was asked whether today's leaders have a handle on the pandemic
crisis, and he answered as follows:
I used to just laugh at stuff like this, but this is so utterly
ridiculous, all I can do is shake my head. I always say that the only
people stupider than AOC are the people who believe her, and I assume
that this is one of them.
At any rate, this is a quote worth saving, as it will be useful later.
This morning there was a news panel show on the BBC, and one of the
panelists was Jef McAllister, introduced as an American journalist.
He is apparently the former London Bureau Chief of Time Magazine.
He was asked whether today's leaders have a handle on the pandemic
crisis, and he answered as follows:
Quote:> "I think you can see in the stimulus packages that
> have been put forward in the major countries at least, also in
> developing countries, a willingness to spend big in a way that the
> orthodoxies of the 1990s and 2000s said that debt would kill you,
> and that the bond market would come and destroy everything about
> you if you overspent. That has OBVIOUSLY been disproven by the
> pandemic. Governments are spending big, and they are spending on
> the bottom of the social hierarchy, as well the middle and the
> top, and I think that the pent-up demand to do better in that way
> -- more infrastructure, more education -- "Hey! We CAN afford
> this!" --- and you've shown us in these few months that it might
> be possible. I think that could be a very salutary long-term
> affect of what could happen in Covid."
I used to just laugh at stuff like this, but this is so utterly
ridiculous, all I can do is shake my head. I always say that the only
people stupider than AOC are the people who believe her, and I assume
that this is one of them.
At any rate, this is a quote worth saving, as it will be useful later.
