Economic Crisis: The Blind Leading the Blind

There are certainly people who are intentionally pushing various bailout and stimulus schemes for personal profit (see this, this and this).

But many in Congress are simply ignorant about how we got into this mess . . . so they cannot possibly figure out how to help us out of it. Ron Paul has repeatedly said this, as have many others. Financial writer Paul Kedrosky says Congress is so clueless that it needs a remedial course in basic finance.

Congressman Paul Kanjorski honestly expressed this fact when he said:

Ya know, we’re not any geniuses in economics or finances… We’re representatives of people. We ought to take our time, but let the people know this is a very difficult struggle.

Somebody threw us into the middle of the Atlantic Ocean without a life raft and we’re trying to determine what’s the closest shore and whether there’s any chance in the world to swim that far. We. Don’t. Know.

But at least economists know what’s going on, and are properly advising Congress, right?

Unfortunately, mainstream economists themselves understand neither the cause of or the solution to the crisis.

It is truly the blind leading the blind.

Unfortunately, the truth about how we got in this mess and how to get out of it will not be understood – let alone discussed – for several more years.

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