height of idiocy meaning
How do you use idiocy in a sentence? That’s why it’s the height of idiocy for pundits to talk about how patriotic it is to go out and shop. And downturns in the economy have always been brief. Conversely, whenever “the economy” is growing too fast, the officials are supposed to step in to “cool” it. That’s why it’s the height of idiocy for pundits to talk about how patriotic it is to go out and shop. The best you can and should do is to stay informed so that you can protect yourself in the best way possible, and even profit from the situation. Predict often and 2.) And it’s usually a mistake to bet against an established trend. Those things have very little to do with what recessions are all about. Idiocy definition, utterly senseless or foolish behavior; a stupid or foolish act, statement, etc. It could be that economic conditions in the U.S. alone could do it this time, without the overt “assistance” of the government. : All this talk of zombies coming to attack us is pure idiocy. Still, as potentially wrong-headed and tendentious as the subject is, “the economy” is occasionally worth talking about simply to establish a clear point of view. Of course, since the dollar is by far the biggest market in the world, constituting the reserves of almost every government on the planet, the de facto currency of probably 50 countries, and the savings of hundreds of millions of people around the world, when it collapses, it will cause a financial earthquake, Magnitude 10. All feeds are checked and refreshed every hour and pages auto-refresh every 15 minutes. Against the Left: A Ro... That’s why I prefer to say a recession is “a period of time when distortions and misallocations of capital caused by the business cycle are liquidated.”. In fact, I place the phrase “the economy” in quotes because I don’t even accept the validity of the concept, nor that of “the GDP”; they’re both chimeras. In the real world, however, wealth is produced by someone and belongs to somebody. After all, the longest trend in motion is the Ascent of Man, and that trend is unlikely to change; indeed, it’s likely to accelerate. Four Epstein Victims Write Open Letter to Prince Andrew Urging Him to Talk to the FBI, NEGATIVE RATES, DB BAILOUT, GOLD PRICES… Q&A with Lynette Zang and Eric Griffin, Kamala Harris, Schumer, Cuomo And Feinstein Listed As ‘Key Contacts’ For Biden-China Joint Venture, Brazilian Volunteer in Clinical Trials of Oxford Anti-Covid Vaccine Dies, Health Authority Says. The Height of Idiocy. Use any rallies as selling opportunities. Statistics – so often the basis of conjecture with regard to the economy – are so subject to interpretation, and so easy to take out of context, that most of the time they’re best used as fodder for cocktail party conversations. The idea of GDP gives the impression that it is not individuals that produce goods and services, but rather a machine called “the economy.” This leaves the door open to all manner of nonsense, like the assertion that what may be good for individuals may not be good for the economy, and vice-versa. Still, as potentially wrong-headed and tendentious as the subject is, “the economy” is occasionally worth talking about simply to establish a clear point of view. One thing that – contrary to popular opinion – can help get an economy out of a recession is a large pool of savings; savings give people the money to invest in new production, as well as the money to buy that production. The idea of GDP gives the impression that it is not individuals that produce goods and services, but rather a machine called “the economy.” This leaves the door open to all manner of nonsense, like the assertion that what may be good for individuals may not be good for the economy, and vice-versa. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. For instance, an advance in the GDP doesn’t necessarily mean increased prosperity: What if the government embarked on a massive pyramid building program, an archetypical example of public works? And it’s usually a mistake to bet against an established trend. On the other hand, if a scientific breakthrough was made which cut energy consumption by 80% for the same net output, or magically eliminated all disease, the GDP would collapse because it would bankrupt the energy and health industries. Those things have very little to do with what recessions are all about. Predict often and 2.) SGT Report is your daily source for truth in a time of universal deceit. That’s why it’s the height of idiocy for pundits to talk about how patriotic it is to go out and shop. That’s why the Fed’s artificially low interest rates is such a bad idea; it encourages people to save less and borrow more. Box contained Sophie Allport bone china mug in a box inside a second box with loads of paper padding. Never give both the time and the event. Against the State: An ... Unfortunately, it goes much deeper than that. In fact, I place the phrase “the economy” in quotes because I don’t even accept the validity of the concept, nor that of “the GDP”; they’re both chimeras. Your email address will not be published. I’m not a fortune teller. The worst offenders are those who pretend they know where the economy’s headed. I’m not a fortune teller. Predict often and 2.) There’s a good case for staying bullish. A recession, according to the conventional parlance, is a period when economic activity declines for two or more quarters. But a lot of the drive behind the engine is the gigantic trade deficit.

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