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4/21/09

Some simple economic guidelines that seem to have been forgotten - by RM

EU-Digest

Some simple economic guidelines that seem to have been forgotten - by RM

*Government stimulus programs just for the financial sector to wipe out bad debt, while leaving the same players in charge with limited or no controls won't work. **Government stimulus programs focused on "trickle down" instead of "bottom to top" results have never worked and won't work today.***Getting people back to work through Government infrastructural stimulus programs has worked in the past and will work today.****Government stimulus programs which focus directly on consumers instead of producers has worked in the past and will work today.

Bottom line: helping people that need it the most will eventually benefit those that need it the least. When the trend is reversed expect revolution - just read your history books if you don't believe that.

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