The Paulson solution fails because it does not help consumers or businesses service debt, it does not create any jobs, it increases the national debt, and it encourages more reckless lending by banks. Attempting to bail out banks on the back of cash strapped consumers is simply doomed to fail.
If printing money was the solution to all problems, Zimbabwe would be the most prosperous country in the world.
If printing money was the solution to all problems, Zimbabwe would be the most prosperous country in the world.
Posts
No comments:
Post a Comment