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  • The United States Needs A Massive Privatization Effort 0 comments
    Feb 2, 2012 4:28 PM

    "Crowding Out Theory" is real.

    Please pay careful attention to this. This is the cause of our counties output gap and it can be fixed.

    The Fed came in a grabbed 10% of the economy to keep it going for 2 years.

    Now that we are back on our feet.

    Give it back.

    The United States needs a massive privatization effort, whereby the Fed assets are distributed to the States and private business.

    I am talking about the good stuff on the Fed balance sheet. Give it to the States so they can fix their budgets. Then give the good stuff and Freddie and Fannie Farm credit etc, back to private banks so they can make money again.

    If we are worried about the transfer payments above, this is the best way to keep this going. Mathematically the private sector must grow faster than the public sector in the long run. We all know this.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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