This should be required reading for every citizen.

& posted in every airline crew room.

I don't think many economists would agree with you. Access to credit and deep pools of liquidity are required components of capitalism and the free market.

Since we are hijacking the thread....

I use credit for everything...however,

My credit card has great cash back rewards and is paid off in full every month. Buying things in credit instead of cash MAKES me money. When it comes to financing...I never turn down 0 percent. I get to buy something and continue to MAKE money on my money. Still basically the same thing as you said...I do not buy things that I can not "afford" regardless of the means of which I actually purchase them.

MOST economists
 

You are right, MOST economists think credit is essential to a "capitalistic" society. But the ate Keynesian economists and have bankrupted our country (world). Most of us know that living on credit doesn't work in our own finances. But we try to apply it to government finances and it leads to failure we are finding out.

Also, their capitalism is crony capitalism. Not free markets that the us was founded on.

And now, back to our regularly scheduled programming........


I'm going to buy JetBlue (the whole thing) with several other pilot friends and Tom Horton. Now that the company is in play, your stock options will go up! Day traders rejoice, it's the new world order !!!








++++++++++++++++++++++++

It's a joke.

Lorenzo? Is that you? ;)

You mean required components of crony capitalism/corportism where you magically print money and banks can loan out the same dollar 10 different times, at the same time, as long as everything magically grows and the music never stops. Then the banks can charge 10X the interest and command more principal and interest than exists, so the process grows politically to feed itself until it collapses. Look at our debt, it isn't working. Most economists are Keynesians by default, and all, 100%, Keynesians are idiots. No exception.

Might as well do my part in hijacking this thread...

You are spot on. Those who think voting out the incumbent in the upcoming election are replacing one Keynesian with another in a different wrapper. Read Hayek or Von Mises from the Austrian school of economics. It's as much fun as reading Stephen Hawking but just as fundamentally sound. One prez candidate has it right but is unfairly and incorrectly derided as a loony. Watch him grill Bernanke in some of the Fed hearings - in fact YouTube it. Not as much fun as watching Kim and Chloe but if anyone gives a poo about monetary policy and stopping the fiscal bleeding in the U.S. then it's a good watch.

Wow, fascinating how far off topic we can get.

Equally fascinating is how on topic it ends up being. Cool article on Motley about helicopter Bernake (the ultimate Keynesian moron) and his policies, including a 3rd round of "quantitative easing" (more money printing from the "Lord Keynes"/Chicago School of Economics playbook) as a likely destroyer of airline stocks later this year and/or next year.

While this stuff is broad based, some of it directly effects airlines and therefore our jobs. Plugging our ears and saying "la la la la la la I don't like politics la la la la la" is pretty poor career risk management.