“It is a tricky problem to find the particular calibration in timing that would be appropriate to stem the acceleration in risk premiums created by falling incomes without prematurely aborting the decline in the inflation-generated risk premiums.” -Alan Greenspan
Correct me if I’m wrong but I think that’s rated by some as 1 of the 10 most stupid things ever said about economics by an economist.
I’ve no idea what it has to do with lorry driving though
Or to put it another way he’s another muppet who thinks that inflation is wage led not price led and the way to control inflation is by limiting wages.Thereby destroying economic growth by total disregard of Fordist principles.
You got it
Ahhhh yes, the good old doublespeak or more accurately known as gobbledygook. In pure BS baffles brains mode is well received in society where ones peers feel pressured to make it look like they understand what is being said or risk looking dumb but falls over quite quickly in text form.
Wordsmithery or simply talking bollox is my preferred juxtaposition when confronted with attempts to obfuscate as a compensation technique for lacking wisdom.
The gentleman in question has been debunked as being a bolloxwaffler of the highest order where a little knowledge in the hands of a bullpooper can be a very dangerous thing.
An idiot trying to hold on to wisdom is like a wise man trying to carry water in his hands.
In other words, one for Bullys.