Bleeding the patient

Doctors used to believe that by draining a patient’s blood they could purge the evil “humors” that were thought to cause disease. In reality, of course, all their bloodletting did was make the patient weaker, and more likely to succumb. Fortunately, physicians no longer believe that bleeding the sick will make them healthy. Unfortunately, many of the makers of economic policy still do. And economic bloodletting isn’t just inflicting vast pain; ... Full Story »

Posted by Manfred Ostrowski - via NewsRack (Politics)
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Subjects: U.S., Politics, Business
Member Tags: PAC, economics
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# Tweets: 1 (as of 2011-09-20)
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Posted by: Posted by Manfred Ostrowski - Sep 20, 2011 - 1:02 AM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Sep 21, 2011 - 2:28 PM PDT

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Dwight Rousu
4.6
by Dwight Rousu - Sep. 20, 2011

The bloodletting lead-in most excellently encapsulizes the benighted simpleminded wrongness of the fiscal hawks.

What we really need, however, is to convince a substantial number of people with political power or influence that they’ve spent the past year and a half going in exactly ... More »

See Full Review » (12 answers)
Gerald Zuckier
4.4
by Gerald Zuckier - Sep. 22, 2011

Strange to say, however, confidence hasn’t surged. Somehow, businesses and consumers seem much more concerned about the lack of customers and jobs, respectively, than ... More »

See Full Review » (6 answers)
Manfred Ostrowski
4.0
by Manfred Ostrowski - Sep. 20, 2011
See Full Review » (3 answers)
Randy Morrow
4.1
by Randy Morrow - Sep. 21, 2011

But, say apologists for the bad results so far, shouldn’t we be focused on the long run rather than short-run pain? Actually, no: The economy needs real help now, not ... More »

See Full Review » (11 answers)
William Duroe
4.0
by William Duroe - Sep. 21, 2011

It re-states K's longtime position. More &more economists agreeing. As a Citizen of the USA, I have a conflict of interest insofar as, not want the current policies continued to my further ruin.

Disclosure: William is involved in this story (review not included in overall rating). Help
See Full Review » (3 answers)

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