Rick Santelli’s Sense on Cents
Posted by Larry Doyle on December 26, 2011 12:51 PM |
Many of our expert analysts in Washington, on Wall Street, and throughout our land are consumed in a debate about the finer principles of Keynsian vs Classical economics.
Our economic and political wonks can debate all they want because ultimately the debate regarding our nation’s economic health is a function of basic math.
Let’s take a quick look at Rick Santelli’s class on ‘sense on cents’. I think everybody who sits in on this 2 minute tutorial can fully understand that the math being utilized in our nation’s capital —and many state capitols as well—possesses few of the basic principles of ‘sense on cents’ and is actually more a game of charades than anything else.
Thanks to the regular reader who provided this link.
Do your friends, family, and colleagues a favor and get them to do the same. Thanks!!
I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets, our economy, and our political realm so that meaningful investor confidence and investor protection can be achieved.
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