Friday, September 18, 2009
Sebastian's Closet [Out of Business] Closing Its Doors
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Another day, another closure in Atlanta retail.
ReplyDeleteThis is a micro demonstration of the Keynesian lie that the economy can be expanded by stimulating consumption. In fact, it is savings and production, not debt and consumption, that enables prosperity. The current "stimulus" packages (i.e., printing up money and handing it out, and adding the balance to the national debt and trade deficit) will just create future bubbles that will be liquidated in their turn. The iron laws will have their due.