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View Diary: How much longer can the Austerians and their puppets go on with their failed policies and lies? (125 comments)

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  •  Godly (1+ / 0-)
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    Sparhawk

    the Reuters article is pretty frank and supports my point of view. To quote

    The United States has run larger budget and current account deficits than most other countries simply because as the issuer of the principal reserve currency it can.
    That's exactly what I've been noting in my "hostile" comments. The fatal policy of current accounts/trade deficits is not a necessity, it is a choice. And it's a choice that can only end in disaster.

    Bute Keynsians, for all their merits, are less bothered by that. "In the long run,", their spiritus rector once noted, "we are all dead".

    ______
    "Und wer nicht tanzen will am Schluss - weiß noch nicht dass er tanzen muss", Rammstein, "Amerika"

    by cris0000 on Tue Jan 29, 2013 at 03:39:13 PM PST

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