WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
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The people who employ Paul Krugman to lecture us on how our economy ought to work are also incredibly savvy investors.
In 1993 Pinch Sulzberger bought the Boston Globe for $1.1 billion dollars.
Today he sold it for $70 million.
Seven cents on the dollar.
Sounds about what a Keynesian government program produces in economic "stimulus," right? Because when a tax dollar goes to DC and only 7 cents comes out Herr Doktor Professor Krugman dances with glee around the multiplier tree.
Don't try to understand why. You don't have a Nobel Prize in economics.
But you could probably get one, I hear Krugman listed his on EBay for
7 cents on the dollar too.
Posted at 16:42 by Chris Wysocki
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