Sunday, February 8, 2009

Prostitutes & Beer

Marc Faber is a brilliant investment analyst. From the sounds of it, he also likes to party.

The Daily Telegraph:

The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.


The US government has begun to subscribe to the increasingly popular Zimbabwe School of Economics. Canadian political officials have been following it for decades. Isn't it about time that we started listening to the Austrians again?

H/t Infinite Unknown

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