Thursday, June 10, 2010

Deficits Do Not Matter Anymore...


Just print your way out of misery!

That would be great day when deficits would not matter anymore. Recently I chatted to a London analyst and he also told me that he is not bearish on the world economy "as our problem is only debt".
Illusions, of course. The financial crisis would have been something of the past already if the government would have send everybody a cheque of a million US$ to spend and to revive the economy. Oh, in the meantime, please abolish taxes also, just print the money.
That would be the day!

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