Tax Cuts Would End Jobs Crisis

摘要

According to London's Inde- pendent, the Arab oil producers in the Gulf are planning wim China, Russia, Japan and France to end dollar transactions for oil and move instead to a basket of cur- rencies that might include die Japanese yen, the Chinese yuan and the euro, along with gold and some kind of regional Gulf-state currency. The Fed is fighting deflation with a near-zero interest-rate target, while gold, the dollar and commodity markets are signaling 'mat inflation is the real problem. Monetary restraint and the incentives of lower tax rates will solve the dollar and unemployment problems.