Wen Signals China Has Ample Policy Room to Meet Growth Goal
Specifically, he says they have "more room for fiscal and monetary policy to support growth."
If that's true for China, why the heck not in every other nation with a sovereign currency?
Maybe there's a subtle difference between sovereign currency & sovereign policy? A difference involving Benedict Arnold-Bankers?
Further, Wen "reiterated that China will maintain a proactive fiscal policy and prudent monetary policy and said the nation has implemented a series of steps to promote domestic demand."
Why the heck can't we get a person smart enough to say that elected to our Congress - or the White House, or even appointed to some government agency like the Fed or Treasury?
Meanwhile, German Finance Minister Wolfgang Schaeuble just weighed in with advice for the USA.
"Ahead of the election in the United States there is great uncertainty about the course American politics will take in dealing the U.S. government's debts, which are much too high."
Houston, we have an agility problem. The rate of thinking in politicians everywhere, but especially in the USA, is too slow. In fact, it seems to be worst in Germany, but let's just concentrate on our own mental agility.
We should have a chart comparing the agility of adjusting growth-relevant sector flows:
.public spending agility;
..tax rate agility;
...interest rate agility;
....net national agility in adjusting fraudulent looting (bubbles as accidents, or as elaborate "sting" operations).
Anyone know how to construct such a chart?
ps: This particular paragraph makes me want to suspend my belief and belt someone.
“German Chancellor Angela Merkel has established a close relationship with Obama and they are of one mind on many foreign policy issues.”
BMHOTK!
Further, Wen "reiterated that China will maintain a proactive fiscal policy and prudent monetary policy and said the nation has implemented a series of steps to promote domestic demand."
Why the heck can't we get a person smart enough to say that elected to our Congress - or the White House, or even appointed to some government agency like the Fed or Treasury?
Meanwhile, German Finance Minister Wolfgang Schaeuble just weighed in with advice for the USA.
"Ahead of the election in the United States there is great uncertainty about the course American politics will take in dealing the U.S. government's debts, which are much too high."
Houston, we have an agility problem. The rate of thinking in politicians everywhere, but especially in the USA, is too slow. In fact, it seems to be worst in Germany, but let's just concentrate on our own mental agility.
We should have a chart comparing the agility of adjusting growth-relevant sector flows:
.public spending agility;
..tax rate agility;
...interest rate agility;
....net national agility in adjusting fraudulent looting (bubbles as accidents, or as elaborate "sting" operations).
Anyone know how to construct such a chart?
ps: This particular paragraph makes me want to suspend my belief and belt someone.
“German Chancellor Angela Merkel has established a close relationship with Obama and they are of one mind on many foreign policy issues.”
BMHOTK!
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