ATTAINING SOME TYPE OF EQUILIBRIUM: The Fed Will Print More Money - Barrons.com: "- Sent using Google Toolbar"
As above with Taverna as well, part of the problem is also the mismatch between economic cost and benefit utility (i.e. the government has distorted the work people do and the benefits (utility) received through attempts at some type of fairness. This also totally distorts the ability of the society to recover in a logically productive manner.
Obama has clearly made this worse with Obamacare. Public employee unions are finding they have to lower their benefit demands. It would seem as though this process if far from equilibrium by a factor at least equal to 10% of GDP before any multiplier effects.
Sunday, August 8, 2010
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