Tuesday, December 7, 2010

Hillbilly Weddings Destroying America

Alright, the title is overly sensational and probably elicits disturbing mental images but it does help me drive home my point. Lack of diversity of thought creates the same deformities in cultures that lack of chromosomal diversity creates in the flesh. It took a system clogged with inbred Ivy Leaguers to conjure up the mess we find ourselves in now. (Not to deny a big assist to an apathetic and doltish populace who care more about dance contests than their futures). Bernanke, Geithner, Paulson and peers attended the same schools, absorbed Keynesian dogma from the same professors and were injected directly into the government circulatory system before their theories had been filtered through, and refined by, significant real world experiences. I'm not an expert on Keynesian or Austrian economics but my common sense tells me that John Maynard's system is unsustainable outside of a laboratory or the virtual world of a computer model. The bottom line for me is that I don't trust these guys. Greenspan, Bernanke, Krugman and company have shown a remarkable ability to miss the warning signs of impending economic calamities. They’re either kind of dumb (the strain of hubristic ignorance and myopia that only affects those with PhDs) or they are benefitting from the resulting chaos. Either way, I wouldn’t want them to manage a Burger King franchise for me, much less the U.S. economy. Give me somebody from Iowa State with some business experience and a little common sense.

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