Comedians Clarke & Dawe pile into the Australian budget deficits (ah yes, even in Australia), the Australian dollar, the US dollar, and then delightfully shred the US economy … which seems to have emerged from its recent “difficulties.”
“With people stealing billions at the top?”
“No, I was referring to the technical difficulties.”
“They printed $4 trillion.”
“They did, and it was quite successful.”
“Yes, it prevented it from becoming a free market.”
You get the idea. 2 minutes 28 seconds of economic hilarity.
And here are Clarke & Dawe on the European debt crisis, explaining just who will do all the bailing out. Enjoy… Clarke and Dawe: European Debt Crisis
Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.
Have you all not noticed how the governments – under the beloved auspices of Keynesian economics – always targets the unemployed, the poor and disabled, when they want to make cuts? Yet, they always have vast amounts of money – immediately available – for bailouts, sending emergency aid abroad, assisting refugees, buying foreign bonds and doing currency swaps.
The unemployed, poor and disabled do not make campaign contributions.
What is your metric for ‘deserving’?
A small child sick and hungry with poor or no parents.
A disabled war veteran.
Another human being suffering through no fault of their own.
Any combination of the above.