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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, May 11, 2012

R's Plan for Economic Progress

  1. Let banks inflate massive asset bubbles with the aid of cheap or even free government cash, and tons of leverage;
  2. Before it all explodes, carve out gigantic sums for bonuses and compensation for the companies that inflated those bubbles;
  3. After it explodes, get the government to bail those companies out;
  4. Pay for it all by slashing services to what’s left of the middle class.
---from Tiabbi

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