Subject: txt mny -
President Barack Obama may be remembered for permanent depression, the way that Leon Trotsky's name is linked with permanent revolution.
Fiscal stimulus combined with near-zero interest rates have proven to be a toxic cocktail for the United States, the macroeconomic equivalent of barbiturates and alcohol. .....
It's classic crowding out, in which the government's misguided effort to spend its way out of recession pushes the productive economy deeper into the hole...
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Tuesday, October 6, 2009
Obama's permanent depression
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