FARK.com: (2190929) Confused about whether the economy is doing great or badly? Just remember: We are in a Schumpeterian expansion with legs

		Confused about whether the economy is doing great or badly? Just remember: We are in a Schumpeterian expansion with legs (article.nationalreview.com)		10
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278 clicks; posted to Politics » on 25 Jul 2006 at 12:24 PM (16 years ago) | Favorite | share:

10 Comments (+0 »)

Altoid

2006-07-25 12:27:44 PM

anyone care to translate?

Lieutenant Scheisskopf

2006-07-25 12:30:13 PM

Does that mean the cat is dead?

queezyweezel

2006-07-25 12:32:26 PM

Thanks for clearing that up Smitty!

KiwDaWabbit

2006-07-25 12:54:47 PM

I love how the top 0.1% can scream from the mountaintop about how the economy is great...JUST LOOK AT THE NUMBERS IT'S GREAT!!

Brewerd88

2006-07-25 12:56:36 PM

Huh... too esoteric for wikipedia, even. Yet, Tranzor Z has a comprehensive article. Go figure.

Bloody William

2006-07-25 1:17:02 PM

Does that mean the cat is dead?

And we have a winner.

Or not.

There's a 50/50 chance, really.

inFARKshun

2006-07-25 1:21:45 PM

"Schumpeterian expansion with legs" sounds icky. Probably carries thousands of diseases.

Bloody William

2006-07-25 1:29:43 PM

"Schumpeterian expansion with legs" sounds like something you need to practice kegels for a year before even attempting.

Tabatha Static

2006-07-25 1:36:16 PM

If only the economy was in a Struwwelpeterian expansion with fingernails, then we'd really have something to talk about.

[image from i27.photobucket.com too old to be available]

MBA Whore

2006-07-25 8:22:10 PM

Joseph Schumpeter - Basically, he "discovered" that after a super mega ultra investment orgy, things fall down, get destroyed, and that frees up wealth to be used more efficienty for the next oncoming super mega ultra investment orgy. Just another "business cycle" theory guy...but with incredibily boring, boring...and long, long books.

The article didn't make any mention of the re-introduction of the 30-year Treasury....a fault in my opinion. I don't know how the re-introduction will play out, but I am surprised that the topic was omitted. You can't have a decent Fed talk without talking about long US Treasuries.

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