The Bailout-bubble

“[...] so much money was spent on ’saving’ the car industrie that even if it involved millions of jobs, it would have been cheaper to give each worker 100.000 dollar and have him find a new job”

- after Megan McArdle

Have you ever wondered what a “stimulus-package” means? – It means that nations are pumping money into the economy that could have been better spent on ‘real’ issues, like, ow, I don’t know, educucation, welfare, research, housing or even the arts. But no, instead our gouverments need billions of dollars, euros, yens and yuans to keep the suits up and happy.

Here is the whole story, it’s worth your 50 minutes.
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Posted: July 19th, 2011
Categories: politics, propaganda
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