Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Debt deflation is the problem for the financial markets; inflation is the penalty for us proles.

I second your "Second New Deal" idea, though I prefer Chris' revolution.

Related remark - John Williams (shadowstats) predicted this past year's performance in December, 2006. I wrote to him the other day, trying to gauge any interest in co-ops or re-regulation. He's a sort-of libertarian, but he said that such approaches sound interesting to him now - except that it's too late. Stagflation = death this time - no way out.

Robert Reich has been preaching higher taxes on the rich and earned-income-credit for the poor lately. Sounds OK to me, too.

paul spencer

by paul spencer (paulgspencer@gmail.com) on Wed Mar 5th, 2008 at 04:34:12 PM EST
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