the septenary (diapholom) wrote,
the septenary
diapholom

The Opinion Pages

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What a load of rubbish. Other countries are starting to recover without spending like sailors. People outside as well as inside need to have some confidence in US finances and the Dollar. Who would want to invest in the United States of Krugman? No one. Deflation is okay if it pertains to over-priced land and housing. Young people can actually aim to buy a home.

US problems long term are due to losing the race to educate our population and sending the best brains to Wall Street jobs that produce nothing. Our political leaders have wasted all the money that should have been set aside for retirements. Look north and you will find some pensions that actually have real assets instead of worthless IOUs. Our capital markets and technical innovators are our strengths and we need to rebuild confidence in our national solvency and stop penalizing success. And we have to stop listening to 20th century economists who never worked for or managed a business.

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