Barton Biggs Is No Fink

Go, daddy!

There is apparently a guy named Barton Biggs.  And he has some things to say.

He says that we shouldn't be cutting spending in a recession.  He says Wall Street needs to curtail its fees.  He wants his grandchildren to be engineers.  He wants to rebuild American infrastructure.

Oh, and he runs a hedge fund.

Basically, he's adopted what - up until two decades ago - was the economic orthodoxy.  It's only notable, I guess, because he works on Wall Street.  With the whole 99%/1% dynamic, we assume that these are monolithic divisions.

They aren't.

There are plenty of people in the 1% (Gates, Buffett, Bogle, Soros) who agree with OWS.  There are plenty of people in the 99% who support Wall Street (the 53% movement).

But ultimately the poverty of our discourse is that we can't see the truth because we can't see beyond the speaker.