Tuesday, September 22, 2009

Idiocranomics: Ken Fisher Says We Need More Debt...What?

If this video doesn't blow you away I don't know what will. Here is a guy (warning, he's among the most narcissistic money managers around) who argues with a straight face that the United States is "underindebted" or we don't have enough debt. He then perpetuates the myth that we had more debt at the end of WWII than we do now (which is true if you exclude entitlement debt which is off-balance sheet).

This is truly unbelievable, the US is not "underindebted" it has way too much debt and its getting worse. Why anybody gives this guy any credibility is beyond me.

Scott Dauenhauer CFP, MSFP, AIF