Daniel Alpert, Robert Hackett, Noriel Roubini : "The Way Forward Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness":
Reuters video here:
"We use infrastructure as convenient way to create demand...The only was to create demand in a capitalistic society is to create employment...Our monetary policy has not successful because excess supply is so plentiful...What it does it relies on is the government as the employer of last resort. ...We are effectively at that point."
No comments:
Post a Comment