Looking carefully at that which is unseen.

Thinking about: Economists at war

Cobbler, stick to your last. Nobel Prize winning economist Joseph Stiglitz, in an otherwise decent analysis, drops this WTF bomb:

“The September 11, 2001, attacks by al-Qaeda were meant to harm the United States, and they did, but in ways that Osama bin Laden probably never imagined.”

ORLY? Let’s see – the American Way Of Life is pretty much crushed by an ever-growing police state, the economy is swirling down the toilet from all the costs, dead American soldiers combine with dead furriners – whose surviving relatives will not be pleased – and overall things … well, “where are we going and what’s with this handbasket?”

Just how does Joe think that bin Laden planned to win his campaign against the US? Ever hear of 4G Warfare, Joe? The weaker party does not do well by going toe-to-toe with the stronger occupying forces – ask any Viet Cong survivor you may know – but rather by attacking other areas. For a tiny investment of time and money, bin Laden has put the US into a death spiral from which it is not likely ever to recover. And to suggest that bin Laden didn’t know what he was doing is the height of absurdity.

Stick to money matters, Joe, you’re embarrassing yourself on the military ones.


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