Resilient Dynamism

As a slogan, it doesn't tell you anything, and while it's catchier than, say, "Greedy or Stupid?", it should tip off everyone that, for all their deficit-scolding, the league of serious persons and the job creators who endow them really don't have a clue how to fix what's broken in the global economy:

Businesses will only invest if they perceive growing demand for their goods and services. But the dilemma for the CEOs gathered in Davos is that the policies they have championed in the past---fiscal austerity, weaker trade unions, aggressive cost cutting---have hammered consumer spending. In the past, spending could be supported by rising household debt, but the banks don’t want to lend and the consumers don’t want to borrow.

This is a recipe for continued economic torpor.

---Baron V