(Source: soupsoup)
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Streamzoo shoe
Streamzoo shoe
(from @Johnsim on Streamzoo)
We are actually in a classic depression. A depression is when nobody wants to spend. Everybody wants to pay down their debt at the same time. Everybody is trying to pull back, either because they got too far into debt, or because if they’re a corporation, they can’t sell because consumers are pulling back. The thing about an economy is that it fits together. My spending is your income. Your spending is my income, so if we all pull back at the same time, we’re in a depression. The way to get out of it is for somebody to spend so that people can pay down their debt, so that we don’t have a depression. So that we have a chance to work out of whatever excesses we had in the past, and that somebody has to be the government.
Paul Krugman (via ericmortensen)
OK Keynes, we will now cross to Hayek.
(via soupsoup)
Kiama (Taken with picplz.)
Yarrawarra Estate (Taken with picplz.)
Dangerous (Taken with picplz.)
Fighting old people for early deals (Taken with picplz at Pasticceria Papa.)
Facebook buys Instagram for a billion, releases their own inferior photo app
Can anyone explain to me what they’re doing here?
