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Kind of odd unorthodox noejices. that is not what people in dc hear. it s not just that they don t except it. for the most parnlt they haven t heard about it. maybe the budget deficit is not a problem. it s barely in the washington discourse and because i m still in touch, i m really sort of out of it. why is there that distance? this is something that i think that s interesting is that, you know, people that are like like yourself that are making the case for a kind of mackerel economics, keynesian 101, have been relative to it and then it become this political question ultimately, right? the kind of policy question is fairly clear, at least from where you stand and from where i stand, so why is there the gap between mackerel economics 101 and what policy makers talk about? i think there are two things going on. one of which both of which are odd and disturbing. ....
Out there, but also they just seem to be sitting on the stuff and it is but, you know, it s kind of a you know, back in terrell years of the last decade, ben bernanke gave a widely cited speech about the global savings rut, but the point is right. there is a global savings glut and a lot of it is corporations are savings. it s a lot of retained earnings just sitting there. not quite sure why except that maybe they re making so much money they don t know what to do with it. that brings us to this corporate profits mystery. employee compensation fell to a low of 43.5% of gdp in 2012. and this is one of the stories of recovery that i think is probably the most worrisome. you know, we have, unlike europe we have reachieved growth. we re in a recovery. but there s this tremendous ....
And reimagined nearly everything in it? gave it greater horsepower and class-leading 38 mpg highway. advanced headlights. and zero gravity seats? yeah, that would be cool. introducing the completely reimagined nissan altima. it s our most innovative altima ever. nissan. innovation that excites. all right. richard made this argument that i think is a really interesting one an has intu tivg appeal to people which is basically like when we re in this universe of making these decisions about essentially battlefield considerations or there s some training camp and are we going to strike it north that you just have to essentially do this kind of balancing act of interest and just like approach it with prudence and care and have some kind of process internal to the administration but you cannot, in his words, judicialize this. ....
Necessity in a land that is sort of lawless and just dependent on judgment, prudence, and care. well, i wish it were otherwise, but think in the end it was not. the way i approach the subjects. i think about how you think of self-defense. what happens is you start with a bold declaration of it, which is self-defense is always appropriate and then immediately you have to sort of hem it in with questions about good face. and those are single actors. when you go to it, the information nation is weaker. you could try to ju dishlgize this in some particular sense but at that point you simply transfer the problem to somebody who doesn t have the responsibility and one of the serious dangers you run into is it givens deniability to the people who set up the situation because you re not going have this as a trial. you re going to have it as an ex-par tay kind of proceeding and i would rather have the ....
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