Tuesday, March 24, 2009
On the Economy
We suggest that you follow the latest news concerning the current economic crisis by checking in on Dr. Robert Genetski, noted economist, at http://www.classicalprinciples.com/. Excerpts from Dr. G's March 20th report:
"The Fed's response to its policy failure is similar to the response from Congress and the Administration. Instead of questioning the reason for the failure, they simply decide to double or triple the size of the policy. Unlike government spending, where doubling and tripling that spending actually weakens the economy, flooding the system with money will boost spending."
Posted by CR at 11:09 AM