Kevin Depew’s “5 Things” over at Minyanville is almost always worth reading. Today’s had the ominous title Five Things You Need to Know: Deflation… And the Headstones Climbed Up the Hills. The short blurb for the article was quite depressing:
The question of whether capitalism can survive is irrelevant because a government, by issuing public debt to buy private assets, will have effectively ended it.
But that’s not why I linked to the article. Far from it. This is simply amazing:
If Congress can rush another round of checks through before the election, or at least distract us with a gaudy show of trying, some incumbent seats will no doubt be saved from voter wrath. But Ec-Stim is political gibberish, of course, and amounts to little more than a second multi-billion dollar bailout… of the online porn industry. That is a fact.
According to AIMRCo, the Adult Internet Market Research Co., the online porn industry reported 20-30% growth in membership rates this summer following the initial round of Ec-Stim checks in mid-May. That’s normally the slowest time of the year for online porn, AIMRCo said, which is far more information than we need or want if you really think about it.
Stimulating.