Thursday, October 18, 2012

Currency wars & monetary policy

Here’s a great explanation of the currency was prevailing now between the US and China.

It’s great up until Rickards throws a 1 percent canard out at the end that tax cuts after WWII was what got us out of the Depression.  Note:


You just can’t trust a plutocrat anymore, not matter what his seeming political stripes.

1 comment:

  1. Funny how corporate taxes have steadily come down while corporate profits have steadily grown as a % of GDP. I guess that's what happens when you hire armies of lobbyists. And no one really talks about this...why?