Thursday, November 28, 2013


     We all know about Orwell's "1984".  Snowden did not reveal anything we didn't already deeply suspect.

     There was a science fiction story that I read as a teenager that has been teasing me in much the same fashion.  For years now, I've been secretly wondering if a fiction author actually hit on what is really ailing the world economy today, and hit on it fifty years ago.... I did not think that I could ever find it but lo and behold, google helped me out and here it is.

This should be required reading for Tyler Durden, Paul Krugman, Janet Yellen, and perhaps a host of other economists and folk ....and you might want to have a look, also ....

Frederik Pohl -- "The Midas Plague"

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