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Home | Blog | GM -- "burning the furniture in order to stay warm"

GM -- "burning the furniture in order to stay warm"

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12/12/2008

Think of General Motors as the metaphor of the Keynesian economy in one company -- massive simultaneous spending on unsustainable capital investment and unsustainable consumer consumption. Or as Bloomberg reporters Doron Levin and John Helyar describe it, "burning the furniture in order to stay warm."

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