Thursday, October 29, 2015

A Pearler From The Wall Street Journal

The headline:

Look how much I would have won the race by if I had not run so slowly.

No, I just made that up but its as good as the real thing.

What U.S. Growth Looks Like Without the Government Spending Slowdown

 I seem to remember Helen Clak and Michael Cullen sent the NZ economy ito recession six months before the so-called GFC hit.  Only they did it by ramping up gummint spending to hide the decline in the real economy, otherwise known as the private sector.


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