Saturday, March 21, 2009

Terence Corcoran: Is this the end of America? - FP Comment

Anybody referring to "trillions of dollars of fresh paper dollars" is automatically operating out of flawed conceptual framework. But the author is right to point out some key problems, even if in a reactionary knee-jerk fashion.

Helicopter Ben Bernanke’s Federal Reserve is dropping trillions of fresh paper dollars on the world economy, the President of the United States is cracking jokes on late night comedy shows, his energy minister is threatening a trade war over carbon emissions, his treasury secretary is dithering over a banking reform program amid rising concerns over his competence and a monumentally dysfunctional U.S. Congress is launching another public jihad against corporations and bankers.
Terence Corcoran: Is this the end of America? - FP Comment

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