On the recordFebruary 24, 2009
I believe it is a combination of a very loose monetary policy, a very loose fiscal policy, a very loose trade policy, all coupled with deregulation, that created the seed bed for bubbles to form.
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congress.govI believe it is a combination of a very loose monetary policy, a very loose fiscal policy, a very loose trade policy, all coupled with deregulation, that created the seed bed for bubbles to form.
Conrad discusses the causes of economic bubbles and their consequences.
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This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.
We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.