Tuesday, January 11, 2005

Krugman Hysterics

Ol' Shifty Eyes uses Plan 2 and builds an end-of-the-world scenario:

"It would be sure to cause a collapse of investor confidence, sending the dollar through the floor, interest rates through the roof and the economy into a tailspin."

When would this occur? After China stops being Communist and it's fat cats stop being afraid of a governement takeover of anything profitable and stop putting their money in USD? Or maybe Europe has no entitlement/unemployment problems (read: drains on tax revenues and an unending thirst for more.)?

He seems to want to continually denigrate America. How else does one explain the continuing references to the US as a "bana republic"?

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