Stanford Roundtable: Panelists Examine Road to Economic Recovery
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I wanna sit right there someday. I'll motivate myself to work hard and study at Stanford.
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Almost no mention of the real cause of our economic mess and that is the derivatives bubble (those "side bets" mentioned).
We will have no recovery for the foreseeable future since we have shipped our manufacturing base overseas.
We have given 40 times more to the failed banks than to our physical economy. Spells no recovery.
The Fed is monetizing the debt. Spells inflation and the continued collapse of the middle class.
We have to reinstate glass-steagall.
The gov should issue its own money.
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Questfortruth86....Do you think they get it yet? Every bubble we have had has come from artificially propping up business & institutions, now we need another one? I wonder how happy China is going to be to hold our debt when the dollar declines to nothing?
"Rebuilding a manufacturing industry in the U.S"
Economic systems are not simply subject to the whims of political leaders. If you want a strong manufacturing base, then you need savings, and actual interest rates rates stimulating investment and production. But the incentive for savings will always be nonexistent as long as inflation and artificially low interest rates destroy it.
Competition and market forces in the education sector will assure more capable and qualified students.
Questfortruth86 2 years ago 4
Blowing up an another economic bubble, develop a local high tech manufacturing - aka weapons manufacturing, attract foreign brains by providing them with citizenship - what else's new?
didate 2 years ago 2