I get tired of hearing my own thoughts, so pardon me if I note that I’m awfully tired of hearing every last (statist) thought of Bill Gross who runs a big bond fund. He’s forever telling Uncle Sam how to manage the economy. Today’s Keynesian advice is “This economy will need an additional jolt of $500 billion or so of government spending real quick.” Mr. Gross needs to ask a few questions: Where will this $500 billion come from? Might it be from taxes? Debt, and then taxes? Where’s the gain in shifting $$$ from the private sector to the … Continue reading Keynesian pundit Bill Gross of Pimco