Ranking The Devils: Debt Deficits, Dollar Weakness

摘要

Months into the economic freefall capital is still frozen, waiting for a growth plan from Washington. Bigger government and populism aren't helping, nor are the hints of a resumption of the Bush Administrations weak-dollar policy.rnWashington delayed until too late the clear post-Lehman solutions: rapid liquidity injections by the Federal Reserve, mortgage-rate cuts, transparency for credit default swaps, mark-to-market allowances for regulatory capital, an uptick rule and active enforcement of trading regulations. The consequence is a federal government expansion that locks us into huge deficits and national debt, spelling abridged economic freedoms and deep government intrusion into the pursuit of happiness.