I think the chance that we can go and rebuild nations in a fundamental way is way beyond our capability.
Nobody talks about a sound dollar.
This is America, the greatest country in the world.
We allow the Fed to devalue the dollar by printing too much money.
The Federal Reserve, in collaboration with the giant banks, has created the greatest financial crisis the world has ever seen.
So you are saying, if you buy $300 billion worth of U.S. Government debt, that is not inflationary.
TARP has morphed into a $700 billion revolving bailout slush fund.
Bailout begets bailout.
Bailout begets bailout. It keeps private investment on the sidelines.
I'm more convinced that there aren't more systemic events than there are systemic firms.
Should it be the policy of the Federal Government to necessarily reward bad business models?