Monday, February 25, 2008

Fighting fire with gasoline...

Philip Greenspun wonders about our economic remedies as well:

"The U.S. economy is in a tough spot right now. Historically low rates of interest in the early part of the decade generated the biggest housing bubble in the history of the nation...

We read in the newspaper accounts of the debates of learned economists. They disagree to some extent about how to keep the U.S. from sinking into a depression. What can they all agree on? The cure is to lower interest rates and print more money…."



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