Letter to the SD Union-Trib (unpublished):
Almost 20 years ago, Japan entered a deflationary slump. Piously wearing the mantle of capitalism, America sent economic experts to advise them to take the hard medicine, let the bad banks fail, allow the free market to work. How ironic now to see the U.S. government spend hundreds of billions to prop up our own failed lending institutions. Apparently we don't practice what we preach.
Wednesday, February 18, 2009
Subscribe to:
Posts (Atom)
