Thursday, August 18, 2005
IOU
Alan Abelson is always a good read in the opening piece for Barrons.
Abelson latched on to the term "IOU" last Saturday, the catch phrase conservatives hoped would convince voters that the treasury bonds held by the Social Security trust were worth less than bonds held by folks like George Bush.
Abelson playfully equates the term "IOU" with bonds and debts of all sorts, with a predictably hilarious outcome. I'm always amazed at Abelson's ability to craft humor out of a few carefully selected words.
Abelson latched on to the term "IOU" last Saturday, the catch phrase conservatives hoped would convince voters that the treasury bonds held by the Social Security trust were worth less than bonds held by folks like George Bush.
Abelson playfully equates the term "IOU" with bonds and debts of all sorts, with a predictably hilarious outcome. I'm always amazed at Abelson's ability to craft humor out of a few carefully selected words.
