Zombie bureaucrats

never stop making the same mistakes, over and over.

Because without a market, they never get taught the fundamental lesson – that their “product” is no longer wanted.  If it ever was.

That’s why I’m quietly confident deflation and sporadic financial implosions are more likely than hyperinflation.  Japan is still trying to inflate, but they are learning (slowly) that throwing trillions of paper dollars at a receding tide does not make the tide stop receding.  Years of malinvestments cannot be resurrected and made into viable self-sustaining marketable investments.

The zombie cannot be made to live again.  A zombie stays a zombie forever.

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  1. December 5, 2009 at 1:41 am
  2. December 6, 2009 at 12:42 pm
  3. December 22, 2009 at 11:21 pm
  4. January 4, 2010 at 3:54 am

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