I Think Stockman Is An Interesting Sort

You Really Have To Go Searching Desperately To Find Any Contemporary Examples Of Good, Old-fashioned Runaway Inflation.

These Days, However, The Main Problem Comes From The Right - From Conservatives Who, Unlike Most Economists, Really Do Think That The Free Market Is Always Right - To Such An Extent That They Refuse To Believe Even The Most Overwhelming Scientific Evidence If It Seems To Suggest A Justification For Government Action.

The Key Reason Executives Are Paid So Much Now Is That They Appoint The Members Of The Corporate Board That Determines Their Compensation And Control Many Of The Perks That Board Members Count On. So It's Not The Invisible Hand Of The Market That Leads To Those Monumental Executive Incomes; It's The Invisible Handshake In The Boardroom.

I Think Stockman Is An Interesting Sort Of Amalgam.

If We Discovered That, You Know, Space Aliens Were Planning To Attack And We Needed A Massive Buildup To Counter The Space Alien Threat And Really Inflation And Budget Deficits Took Secondary Place To That, This Slump Would Be Over In 18 Months. ... There Was A Twilight Zone Episode Like This In Which Scientists Fake An Alien Threat In Order To Achieve World Peace. Well, This Time, We Don't Need It, We Need It In Order To Get Some Fiscal Stimulus.