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Thursday, January 27, 2011

Barry Eichengreen again.

1 comment:

Jeffrey said...

I agree it will be healthy for the world to abandon the dollar as the primary reserve currency, not so sure it will happen smoothly, but I hope he is right.

I am curious why Barry Eichengreen has "become a go-to economist on the continuing global financial crisis." Did he predict the damn thing or is he just saying what the establishment wants to hear after the fact?

Higher taxes will never be a solution to anything - unless of course we decide that there isn't enough corruption in DC and that we want to promote slavery and redistribution. We MUST cut spending! See 1921 and 1946 for results. In contrast see Hoover, and FDR economies for the results of large spending and tax increases.