Jonponwon

Why Bailouts Are Not the Answer

Chairman Bernanke has said he may use less-conventional policies, such as buying Treasury securities, to revive the economy, and "that is going to help the U.S. to be the first major economy to recover from the global recession", enthuses one of the experts. Bernanke can only buy Treasury securities by putting the printing presses to work. Has no one heard of France when the South Sea Bubble burst, the Weimar Republic after World War I, Argentina after the Falklands, and Zimbabwe? With all this in the pipeline it beggars belief that the dollar is so strong and says little of the pygmies at economic helms worldwide.