Archive for October 10, 2008

The consumer and corporate sector need the funds not the banking system!

Keynes is famous because he prescribed that at times of depression the Government needs to step in and spend where others won’t.

The correct response today is to prepare over the coming weeks a signiificant series of internationally coordintated measures to avoid depression. Any money spent on “unblocking the financial system” will be wasted. Read the rest of this entry »

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