"If one has no vanity in this life of ours, there is no sufficent reason
for living." Leo Tolstoy

Saturday, June 12, 2010

How to fix the economy?

The popular solution to this liquidity crisis seems to be figured out. Just keep printing money, more and more and more. Not only is this a f&%$#@ up solution, but it adds to the trillion dollar debt as well as devaluing of the dollar. The effect of printing more and more money is tax hikes, volatility and uncertain market conditions.

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