Global Crisis Blog

Global Crisis & Homeopathy: Larry Summers’ Solution

By Shlomo Maital

 Larry Summers, homeopath

  

We’ve tried everything else to dig America’s economy out of its deep hole. Why not try homeopathy?  

 Homeopathy is a form of alternative medicine in which practitioners treat patients using highly diluted  preparations that are believed to cause healthy people to exhibit symptoms that are similar to those exhibited by the patient. The collective weight of scientific evidence has found homeopathy to be no more effective than a placebo.

     Basically – you give sick people medicine that is toxic, causes illness, but in doses so tiny it cures them.  And it doesn’t work.

   Well, here is Larry Summers’ diagnosis for America’s ills.   Summers was Clinton’s Treasury of the Treasury (1999-2001), devised Clinton’s economic plan that killed America’s budget deficit 1992-5, was President of Harvard (2001-6), headed Obama’s National Economic Council – in short, the top economics honcho.  He was also the youngest tenured professor in Harvard’s history. 

    Summers says (FT, June 19): “The central irony of financial crisis is that while its caused by too much confidence, borrowing and lending, and spending, it is only resolved by increases in confidence, borrowing and lending, and spending.”

   Is that homeopathy or what?  Cure the illness by restoring the underlying causes. 

   When one of the world’s top economists with a proven track record comes up with homeopathy as the remedy,  it’s time for us ordinary folks to be seriously worried.

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