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The writers point number three is right, give the Joneses more money and his following paragraph is wrong in thinking we can't create wealth. The Fed cannot fix this alone nor Wall St. This all of us know. How about Treasury subsidizing wealth creation and jobs in alternative energy? This will happen when Main St. is demanding heads on pikes and then you will see Washington politicians either moving or being replaced. What has prevented the U.S. from being energy independent and a major exporter to boot? Greed. When Washington politicians (on both sides of the aisle) get phenominal inside information on oil, they invest in oil. Perhaps pass laws that forbid energy investment for politicians/family & friends during there tenure in office?
Apr 17 15:15 pm
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All Comments by Jason Rines (iThinkBig) »A Warning in the Bond Market [View article]