Ms. McArdle is worried. But not that worried.
I think this is a worry that we should take seriously. But here are some reasons you might not worry so much:Then:
Update: Apparently, I heard wrong, and it starts in 2011. That's infinitely more worrying, though caveats one and two still apply.Here, alas, we must start wondering what words mean. Did Mlle. hear it, or read it? She provides a link, so she must have read something, maybe. Yet she "heard wrong." It is a mystery.
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3 comments:
Infinity is a big number. Megan should devote all her fingers & toes to counting towards it, so she can explain how worried we should be when she gets there.
And remember. 250 Billion in savings is meaningless chump change, but only 4 times that amount is a huge expenditure not worth getting sick people access to doctors.
Right. The places that didn't get all that "excess inflation-causing liquidity" should be the ones that are frozen.
And the 2011 Fiscal Year starts October 1st, so her "update" is even stupider.
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