“The human toll here looks to be much worse than the economic toll, and we can be grateful for that.” Larry Kudlow on the earthquake and tsunami in Japan.
Larry Kudlow … On CNBC this week, the “renowned free market, supply-side economist” and host of “The Kudlow Report” noted, regarding the robustness of the markets in the wake of the devastating Japanese earthquake and tsunami, that “The human toll here looks to be much worse than the economic toll, and we can be grateful for that.”
That is the essence of Chicago School free market supply side economics that have blighted US economic development and foreign policy for several decades. The core belief of these economic gangsters is: markets matter, people don’t. Kudlow was only expressing a sentiment that our governing and media elites share, though he will be trashed for saying it out loud. The Chicago School ethic is shared throughout the US Congress, the Defense and State Departments, much of the Judiciary, and even by the President himself.
Mat 7:16 Ye shall know them by their fruits.
And here are those fruits as they have been harvested:
And to throw in another metaphor, the following chart records the rising tide that is sinking 90% of our boats, income gains and losses 1979-2005. That tide is still surging.