Can Fed Put Rate Genie Back In Bottle, Keep Asset Bubbles Corked? | LinkedIn
What is so odd about the current situation to me is that historical precedents (i.e. debasement of the respective currency) don't seem to apply?
But, can this be? One has to doubt that same-old, same-old doesn't apply at some point.
Almost totally throughout governments have distorted the price-of-labor as a component of the cost of production. Any, concomitantly, governments have tried to obfuscate the fact.
And the average person is in happy obliviousness.
What I am not seeing are articles showing optimal levels of VAT to encourage consumption and not discourage it.
One could go on and on, but things don't seem right and leadership seems to be in a vacuum. It will be interesting to see how Obama deals with a Republican union that is striking (or may strike) for less government care.
Obama is in charge and ultimately responsible - at least, that would seem a reasonable paradigm - i.e. not blame the Republicans.
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