MORE ON OSTRICHES AND THEIR BEHAVIOR: Emerging Lessons on Fighting the Financial Crisis - WSJ.com: "- Sent using Google Toolbar"
Whether inflation or deflation is on the horizon, it would seem as though the basic problems of the society and economy, which is to build and maintain a global competitiveness that can sustain our desired standard of living, are being ignored as an ostrich sticking its head in the sand.
Sadly, liberal and socialist philosophies discount, ignore and contravene one of the essential characteristics of individuals, which is to improve their own lives and work harder for themselves than for others.
The latest additional funding for States is another example of putting a new coat of paint on a termite-ridden house with no attempt made to get rid of the termites or the bad wood.
As such, we face the equivalent of the housing bubble - i.e. an unsustainable situation largely ignored by the majority of the population and the politicians. One result of this ignorance is a growing extension of the time required to rebuild employment.
Thursday, August 5, 2010
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