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| I do not think Burnanke ever read an economics text book from the disaster he has orchestrated with TARP and bailing out insolvent bankers. If they would have let these institutions go down the tubes we would not be on the backside of this depression.
Instead he prolonged it with "to big to fail". You no longer had capitalism in this country when preferential economics were adopted by our government and the FED. I seriously doubt, that this government or the FED will let Detroit go belly up.
Belly up is just another word for "fresh start". Everything I read, points to everything getting worse in this country, How many years has it been now that job loss numbers exceed 300,000 every week?
Everyone is downsizing, and perhaps it is time for farmers to start thinking about the same thing happening to them, because that is where USDA wants to go. John | |
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Milton Friedman
