Richard, i think this Sovereign Wealth Fund run with taxpayer money is awesome! Agree, the only way out of this credit crazy bubble is to grow our way out. All the other ways will blow up the system, be devastating. Or keep kicking the can down the road, except this has limits too. When you start paying so much interest payments then everything else goes out the window.
However, a lot of these shows are run by libertarian types. They really have as you've seen time and time again a hard time trying to grasp what your saying. They are so antigovernment. Most started out in the Reagan years and after hearing how screwed up the government is. Also most are white males you talk to and the government hasn't done anything for them for the last 30 years. So they are probably right in assuming, oh crap the government I'll get screwed here again.
Thanks for your hard work, one of the few economist i even listen to.
Richard, i think this Sovereign Wealth Fund run with taxpayer money is awesome! Agree, the only way out of this credit crazy bubble is to grow our way out. All the other ways will blow up the system, be devastating. Or keep kicking the can down the road, except this has limits too. When you start paying so much interest payments then everything else goes out the window.
However, a lot of these shows are run by libertarian types. They really have as you've seen time and time again a hard time trying to grasp what your saying. They are so antigovernment. Most started out in the Reagan years and after hearing how screwed up the government is. Also most are white males you talk to and the government hasn't done anything for them for the last 30 years. So they are probably right in assuming, oh crap the government I'll get screwed here again.
Thanks for your hard work, one of the few economist i even listen to.
Jeff, Thank you for your encouraging feedback and for your insightful comments. Much appreciated! Richard