Though it seems that at least one economist, Peter Schiff, got it right about our current dilemma, I’m not sure there’s much that a slacker like The Dude can do about it. So, I say “Que Sera, Sera” and support policies that will begin to get us out of this mess. Policies that support real production…making actual products, rather than consumption. Policies that encourage “morally profitable” enterprises. Policies that discourage corruption. Policies that benefit all, not just the top few per cent wage earners. Most importantly, policies that make illegal obscene financial risk taking.
Why that last one? Well, because, as we’ve all seen, those (blatantly stupid) actions have dire consequences for all.
Will Obama be the right man to get the job done? The Dude doesn’t know. In the mean time, here’s that Mr. Schiff, again, stating that China “got it right” (as we lost our way).
As always, The Dude abides. And hopes for happier days!
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