"Nothing is so easy as to be religious on paper"
-John Henry Cardinal Newman
Thursday, July 26, 2012
Wisdom of Doctor Doom
Dr. Doom (Nouriel Roubini): "Karl Marx Had It Right. At Some Point, Capitalism Can Destroy Itself. You Cannot Keep On Shifting Income From Labor To Capital Without Having An Excess Capacity And A Lack Of Aggregate Demand"
If You Redistribute All of the Wealth Upwards, the Free Market Capitalist System Self-Destructs