Tuesday, August 18, 2009

Start procreating...

Herbert Hoover was quite a wise old bird. One of his sayings was:
" Blessed are the young... for they shall inherit the National Debt".
At the present time, that has a somewhat terrifying ring to it...

4 comments:

Brian Boru said...

Wise old bird? Maybe, but he was also an economic illiterate causing huge damage to the US and wider economies at the time.

kinglear said...

True - but he had the right idea about debt...

Winchester whisperer said...

Somebody in today's FT is taliking about switching it into the National Equity

kinglear said...

For God's sake - that's like Brown's Investment which in his language basically means handing out cash to ne'er do wells to get drunk on. Of course, as we all know Bankers are very clever ( with other people's money) and they OUGHT to be able to do a debt for equity swop, like they keep forcing on sound businesses that have borrowed too much.....