Thursday, July 10, 2008

America, Ex-Distortion

April 12, 2008. In yet another sign that the end is near, Harper’s Magazine, that venerable fount of left wing culture, has become a source of clear-eyed financial journalism. In February it ran a cover story by iTuilip’s Eric Janszen explaining America’s devolution from goods-production to paper shuffling. Janszen calls this the FIRE economy (for Finance, Insurance, and Real Estate) and concludes that it can only survive by blowing ever-bigger bubbles (read the article here for Eric’s prediction on where the next bubble will appear). And the May Harper’s just hit the newsstands with a cover story by veteran political analyst Kevin Phillips on how the U.S. government has been systematically distorting the economic numbers it reports. Here’s his opening More...


Blogger Robot said...

This is sloppy, JL. Cite the source for Pete's sake.

10:50 PM  
Blogger John Liberty said...

sorry: has the links to the actual harpers articles.

12:00 PM  
Blogger John Liberty said...

This is sloppy? Are you a 5th grade handwriting instructor?

1:13 AM  

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