Thursday, April 2, 2009

FDR Economist Says Obama Should Put Stimulus First

“You have to get enough spending going to get private enterprise interested in taking chances on investing.” -Economist, Thomas Worsely

It's too bad that we need a 97-year old economist to tell us what we need to do. Shows you what they teach (and don't teach) when it comes to economics these days!

Read article here.


googleheim said...

like I pointed out before - we are pegged to a Chinese fixed currency - for the cheap purchase of poisoned toys and tainted seafood.

now china is making deals with argentina to circumvent using the dollar - so they can buy genetically modified soy from south america.

krugman points out the dollar trap the chinese are in

i wonder if the fixed yuan is going to make them implode like argentina did when they fixed their peso 1 to 1 with the U$D ??

googleheim said...

there are big differences between argentina and china - namely that argentina did not acculmulated any foreign based assets - much the opposite, but the chinese's safest investment the USD Tbill seems to be what they are trying to undermine ? look out for expanding and contracting Fed Reserves as their buffer against bank risks ???