In other words the world's top international central banker agrees that we've been in a long, six year capital strike. And more monetary shenanigans won't save us. What we need is restructuring that shrinks the bloated state and reduces it's reach accompanied with lower, more straightforward taxation and less enviro and other rent seeking.
What we do not need is get the rich class warfare or quixotic environmental crusades to nowhere. Read the whole thing at the link.
http://m.wsj.com/articles/dan-henninger-a-year-of-living-on-the-brink-1413414887?mobile=y
No comments:
Post a Comment