Thought of the day.
“Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable.”
- Milton Friedman
“In this 22nd issue of the Global Europe Anticipation Bulletin, with the alert we sound about a collapse of US real economy from September 2008 onward, we are trying again to warn those concerned that this major event will generate many very severe socio-political troubles in the United States [13] whose economy is truly on a tumbling course [14], a situation extremely likely to entail very heavy consequences for the financial and monetary markets, and for the world’s economy. We have not yet reached the heart of the crisis. According to LEAP/E2020, we will be there in the second semester of 2008.”
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islandgrovepress 02.25.08 at 3:27 am
The crisis may not come, short of a serious drought or another natural
disaster in the U.S.
Trouble on the farm, however (tainted meat? No corn?)) might just bring us back to Depression conditions.