Quote:
Originally posted by sebastian_dangerfield
Your theory is based on projections, which are based on statistics, which are tabulated by people who are not immune to error and are sometimes even biased. Economic projections are like epidemiological models - their predictive value is not the sort of thing you'd ever take to the bank.
According to statistics, I'm dead already of lung disease, kidney cancer, cirrhosis and heart issue. I'm not saying predictions don't have value - I'm just saying that screaming chicken little based on a pile of projected numbers is foolish. I ain't handing free money back because Robert Rubin's great big juicy brain says I should. If I'm wrong and reckless, whatever... won't be the first time and won't be the last.
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My theory is based on the same principle that keeps me from maxing out all my credit cards at once on the theory that it's no problem because I'll be making much more money when it comestime to pay the interest and pay off the balances.
But you just keep on spending Sebby. After all, Bush is ramming bankruptcy reform legislation through Congress, too.
