hmorgan

How to End the Credit Crisis

I subscribe more to Milton Friedman's philosophy on the trade deficit. A trade deficit is balanced by the investment surplus. In this case we are selling bonds at 2%. I don't see any hard evidence either that the US is not competitive at manufacturing.


On Mar 30 11:45 AM Responsibility wrote:

> Don't forget the trade deficit. The challenges in re-building and
> reinforcing industries should be on high priorities. Incentives are
> needed for other industries on scales as high as, if not more than,
> those for the financial industry.