Default Is Not In Our Stars, But

I Have Friends, Political Scientists, Sociologists, Who All Share An Interest At Least In Certain Kinds Of Science Fiction.

Some Years Down The Pike, We're Going To Get The Real Solution, Which Is Going To Be A Combination Of Death Panels And Sales Taxes. It's Going To Be That We're Actually Going To Take Medicare Under Control, And We're Going To Have To Get Some Additional Revenue, Probably From A Vat. But It's Not Going To Happen Now.

But Where Will The Fed Find Another Bubble?

The Raw Fact Is That Every Successful Example Of Economic Development This Past Century – Every Case Of A Poor Nation That Worked Its Way Up To A More Or Less Decent, Or At Least Dramatically Better, Standard Of Living – Has Taken Place Via Globalization, That Is, By Producing For The World Market Rather Than Trying For Self-sufficiency.

I've Always Believed In Expansionary Monetary Policy And If Necessary Fiscal Policy When The Economy Is Depressed.