A Comment About

Is the Downbeat Business Press Right About the Economy?

January 23, 2008 - 1:00 am - by Tom Blumer
David Thomson
2008-01-23 11:12:28

It is relatively easily to push an economy into a recession. You merely need to scare the proverbial crap out of the consumer and the resulting lower spending is sufficient to accomplish the goal. Many of the Wall Street elite have been seduced into corporatism warned about by Joseph Schumpeter roughly seven decades ago. This is especially the case regarding global warming fanaticism which will enrich a sizable number of investors.