Saturday, June 25, 2011

Today's Lesson.

If I understand the "five economic lessons from the rock star of the recovery" correctly, the Americans are not even close to creating effective, sustainable economic policy.

  1. Our economic house has not been in order for at least a decade.
  2. Automatic payments to individuals (ie, entitlements)? Fuhgeddaboutit!
  3. Aggressive monetary policy? Timid and untimely, at best.
  4. Flexible currency? Nope, we're the global standard.
  5. Ensure that bankers feel the cost of their blunders? ROTFLMAO.



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