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Another Reason Ezra Klein is an Idiot

gmallast Wrote: Feb 25, 2013 2:25 PM
Frankly, the people who are buying Treasuries are d**n fools in the face of the government's present fiscal irresponsibility and the Fed's out of control money expansion. They will crash. I lost my old copy of Wealth of Nations so I cannot find where I marked it, but Adam Smith warned something to the effect, "Whenever government having contracted a debt, it is scarce known in history for it to be honourably and in full." I avoid government debt like the plague.
restoreliberty Wrote: Feb 25, 2013 5:27 PM
It is primarily large banking institutions buy Treasuries, just another back door bailout, and when the FED stops buy toxic mortgages, all of Oblamo's bailed out bank buddies will dump their Treasury holdings and crash the system AGAIN.
Marie150 Wrote: Feb 25, 2013 6:11 PM

For listeners of my radio show, you’ll know that most Fridays we do a segment called Ezra Klein is an Idiot. We don’t just call out the fallacies of Klein during the segment, however. We include liberals like Al Sharpton and John Boehner too, who both recently bemoaned the effects of sequester on our economy.

Our real problems of course aren’t the dramatic and manufactured small things like sequester or the “fiscal cliff” that are made up by Washington wonks to keep the gravy train rolling. They are much more complex, and more dangerous.     

It takes a...