The Confidence Fairy

[thriftyandboringinohio]

Love him or hate him, Paul Krugman can sometimes turn a good phrase. From the NY Times

http://www.nytimes.com/2011/05/23/op...n.html?_r=3&hp

...Underlying this insistence have been economic fantasies, in particular belief in the confidence fairy — that is, belief that slashing spending will actually create jobs, because fiscal austerity will improve private-sector confidence...But as I said, the confidence fairy hasn’t shown up...

I think it's a great phrase to dispute this fuzzy notion of "confidence" that claims business can't be effective if it suspects, fears, or even worries that someone somewhere might enact a policy that costs them an extra nickle. The confidence fairly may be related to the uncertainty gremlin.

[don]

Re: The Confidence Fairy

Living in a Confidence Game Economy, having a fairy couldn't hurt. As the teeth of our savings continue to be kicked out, placing them under our pillows may bring a measure of return.

[thriftyandboringinohio]

Re: The Confidence Fairy

Living in a Confidence Game Economy, having a fairy couldn't hurt. As the teeth of our savings continue to be kicked out, placing them under our pillows may bring a measure of return.

LOL! You turn good phrase yourself, sir - The Confidence Game Economy

[sunskyfan]

Re: The Confidence Fairy

Until we correlate where our money is mapped with success and decorrelate it with failure we are just just wishing in one hand and crapping in the other. I am pretty sure we all know which hand is filling up faster.

[lektrode]

Re: The Confidence Fairy

Until we correlate where our money is mapped with success and decorrelate it with failure we are just just wishing in one hand and crapping in the other. I am pretty we all know which hand is filling up faster.

right - and krugmans theory seems to be that the .gov spending/borrowing 1.5 TRILLION more than it takes in - in a year?!! - is the road to 'prosperity'

as if WE wont have to pay it all back

and that the trillions that congress/obama pissed thru in the past 2 years has 'created or saved' anything whatsoever!!!!

its outrageous and when the end of this charade comes krashing down upon us, jerks like him ought to be the first to be tarred and feathered.

[Mn_Mark]

Re: The Confidence Fairy

I think it's a great phrase to dispute this fuzzy notion of "confidence" that claims business can't be effective if it suspects, fears, or even worries that someone somewhere might enact a policy that costs them an extra nickle. The confidence fairly may be related to the uncertainty gremlin.

Yeah, right - they're worried about an extra nickle.

Cuz that's what 50 years of social engineering has done - it's only raised the cost of doing business a nickle, right?

Obviously NO ONE would care if a policy cost a nickle. But they cost much much more than that....and the "progressives" have been layering on these "nickles" since 1932 (or even 1913). And now, thanks to their "safety net" and "investments in society" and all the rest of those euphemisms they use to hide the fact that what they want is plain old socialism, it costs $14,000 for a child to go in and have outpatient surgery on a finger tip that was caught in a bike sprocket (my friends' child) while my grandfather could go into the hospital for surgery and ten days of recuperation in a hospital bed for under $1000 in today's dollars.

So don't give us that tired bullshit about how greedy and selfish and silly productive people are for fearing more helpful progressive "policies".

[aaron]

Re: The Confidence Fairy

as if WE wont have to pay it all back
.

BINGO!

When it is impossible to pay back a loan it will not be paid back. Who cares if the Federal reserve loses some "money".
Every dollar the feds spend now is a gift, and they know it. It cannot end in any way else other than default.

The problem is our government is spending the last of our dollars on war and banksters. If they were spending it on infrastructure we might have had a chance.

[lektrode]

Re: The Confidence Fairy

Yeah, right - they're worried about an extra nickle.
...
....So don't give us that tired bullshit about how greedy and selfish and silly productive people are for fearing more helpful progressive "policies".

+1

[lektrode]

Re: The Confidence Fairy

BINGO!

When it is impossible to pay back a loan it will not be paid back. Who cares if the Federal reserve loses some "money".
Every dollar the feds spend now is a gift, and they know it. It cannot end in any way else other than default.

or some sort of financial WWIII as our creditors decide that theres more to gain with The US _out_ of the game completely, seeing as it quite unlikely they'll get their money back

and you can bet this is EXACTLY what the hot money kings (GS, soros, et al) are thinking - esp when the chinese, russians, brazil and the OPEC mafia get together to discuss why they want a diff unit of measurement to price various commodities

and just how fast the big players on wall st will sell the rest of us down the toilet for another few billion

The problem is our government is spending the last of our dollars on war and banksters. If they were spending it on infrastructure we might have had a chance.

precisely!
why i say: CLOSE ALL THE MILITARY BASES not on our own territory, except for the ones needed to protect strategic resources - and bring all the troops home and put em to work REBUILDING ***OUR*** INFRASTRUCTURE

in one stroke we would alter the balance of power, trade and security in OUR favor, vs the 'chessgame' BS that has caused us nothing but problems since WW2

and ps: and for 'the deterent' against the rest of the world-domination-wannabee's? simple: we'll glass yer ass if ya try.