Monday, June 04, 2012
An Economy Built to Stall - WSJ.com
Regardless of what political party you support, you must realize that together they are NOT making things better.
The uncertainty of political short term fixes gives no one the confidence to take a risk, whether it be business or investment...
The uncertainty of political short term fixes gives no one the confidence to take a risk, whether it be business or investment...
The Wall Street Journal discusses the economy and elected officials failed monetary policies:
"Mr. Obama has had the freest run of policy of any President since LBJ. So maybe the problem is the policies. Maybe Milton Friedman was right that 'temporary, targeted' tax cuts don't change the incentives to invest or hire because people aren't stupid. Maybe each $1 of new federal spending doesn't produce a 'multiplier' of 1.5 times that in added output. Maybe the historic burst of regulation of the last three years has harmed business confidence and job creation. And maybe the uncertainty that comes from helter-skelter fiscal and monetary policy has dampened the animal spirits needed for a durable expansion. On Friday, the same architects who designed this economy built to stall were calling for one more rescue by the Fed. And gold jumped more than $60 an ounce..."
