Sunday, September 19, 2021
HomeFeatured EntriesRick Santelli schools Ezra Klein about money not moving "Fairly"

Rick Santelli schools Ezra Klein about money not moving “Fairly”

Ezra Klein is one who’ll never understand the world beyond what some college professor told him once or twice.

“The system, young Ezra, is inherently unfair. It’s up to you to see to it that money is forcibly taken from the evilll rich and the wealth is spread around equitably. Read Alinsky. Robin Hood. Misdirect. Now go!”

Rich Santelli, on the other hand, has been a maker of money, starting at the Chicago Mercantile Exchange since 1979. Making money, not just talking about it.

Now here’s young Ezra, going to tell Rick Santelli how the world really works from the perspective of a college brat who’s allowance is late arriving and he’s cursing his parents for not getting it to him sooner.

Will young Ezra ever grow up and pay attention to guys like Santelli who’ve been there-done that?

Nope. Not as long as there is profit in pushing a leftist party line.

h/t Ed Morrissey

Crossposted to Tow Dog

Erick Brockwayhttp://www.erickbrockway.com
Work seven days a week at two jobs, a newly RETIRED EO1 (E6) in the Navy Reserves (Seabees), blog when I can from cellphone and computer. @erickbrockway #catcot #tcot Currently living in Camarillo, CA, about 45 miles North of LA. I have a wife (20+ years) son, and two daughters.

10 COMMENTS

Leave a Reply

10 COMMENTS

  1. Now…if I was Jayson Blair, a black guy, and I got canned and humiliated for plagiarism because the NYT folks used me, and I’m looking at Ezra Klein, who got caught with this JournOlist thing, which amounts to the same thing as plagiarism because it’s just people using other people’s garbage, if I was Jayson, I’d be playing the race card real loudly about now.

  2. hahaha!!!! Why are those two even in a head-to-head discussion? In what universe might Ezra Stinking JournOlist Klein be considered a peer with Rick Santelli in matters of economics? Or for that matter, in politics or anything else?

    What did he ever do?

  3. What frightens me is the statement “in order to get past this we need a round of significant inflation”. Does this young fool not understand that QE1 and QE2 (and QE3?) are about forcing inflation into the economy. It just hasn’t completely shown it’s ugly head in the numbers yet (well it has if you’ve been to the grocery store lately, but the government is hiding that indicator).

    I sincerely hope that people with the power to make adjustments don’t listen to people like him. We don’t need a policy intended to induce inflation right now, we’ll have enough of it as a side effect of policies intended to induce growth.

    • That’s what I noticed. These Journolisters are plugged into the liberal establishment. It makes me think the libs have been deliberately provoking inflation as a way to level the playing field.

      He seems to think that inflation moves assets away from savers (read: The Rich) to borrowers (read: The Poor) but he’s got it all wrong. The asset that is most likely to hold its value during inflationary periods is real property and The Rich frequently have mortgages against it. They would be the closest to surviving a period of serious inflation.

      Workers and people who are living off their savings are destroyed by inflation. Interest rates do not keep up with the value they lost or the inflation rate itself and wage increases lag inflation by a significant amount.

      In addition, companies are loathe to hire during periods of inflation, causing unemployment to increase and stay up. Do those morons think this is going to hurt The Rich?

      For a sector of our government (the left wing sector) to be deliberately provoking inflation is a lot like the story of the guy who poked the sleeping bear. It woke up and ate him. They should learn a lesson.

  1. Now…if I was Jayson Blair, a black guy, and I got canned and humiliated for plagiarism because the NYT folks used me, and I’m looking at Ezra Klein, who got caught with this JournOlist thing, which amounts to the same thing as plagiarism because it’s just people using other people’s garbage, if I was Jayson, I’d be playing the race card real loudly about now.

  2. hahaha!!!! Why are those two even in a head-to-head discussion? In what universe might Ezra Stinking JournOlist Klein be considered a peer with Rick Santelli in matters of economics? Or for that matter, in politics or anything else?

    What did he ever do?

  3. What frightens me is the statement “in order to get past this we need a round of significant inflation”. Does this young fool not understand that QE1 and QE2 (and QE3?) are about forcing inflation into the economy. It just hasn’t completely shown it’s ugly head in the numbers yet (well it has if you’ve been to the grocery store lately, but the government is hiding that indicator).

    I sincerely hope that people with the power to make adjustments don’t listen to people like him. We don’t need a policy intended to induce inflation right now, we’ll have enough of it as a side effect of policies intended to induce growth.

    • That’s what I noticed. These Journolisters are plugged into the liberal establishment. It makes me think the libs have been deliberately provoking inflation as a way to level the playing field.

      He seems to think that inflation moves assets away from savers (read: The Rich) to borrowers (read: The Poor) but he’s got it all wrong. The asset that is most likely to hold its value during inflationary periods is real property and The Rich frequently have mortgages against it. They would be the closest to surviving a period of serious inflation.

      Workers and people who are living off their savings are destroyed by inflation. Interest rates do not keep up with the value they lost or the inflation rate itself and wage increases lag inflation by a significant amount.

      In addition, companies are loathe to hire during periods of inflation, causing unemployment to increase and stay up. Do those morons think this is going to hurt The Rich?

      For a sector of our government (the left wing sector) to be deliberately provoking inflation is a lot like the story of the guy who poked the sleeping bear. It woke up and ate him. They should learn a lesson.

Must Read