The fiscal cliff deal: America’s European moment. “The troubling similarities between the fiscal mismanagement in Washington and the mess in the euro zone.” Just remember that the US has a fiat currency that its pols can print at will whereas the Euro-cliff-jumpers do not (the ECB is controlled by the EU member states.) So while an EU country could theoretically go bankrupt, our Fed will just print money until a loaf of bread costs $20 or more. Doesn’t that make you feel better?
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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