[Peace-discuss] Economy stimulation?

Bob Illyes illyes at uiuc.edu
Tue Aug 28 16:27:21 CDT 2007


I don't think anything can stimulate this economy, Nick. The ongoing 
transfer of liquidity to the wealthy means that the vast majority of 
Americans are in a liquidity crisis that won't go away. In addition, the 
trade deficit with China is beginning to resemble that with OPEC in its 
early days, which led to what was called stagflation during Carter's 
presidency. Nothing but rescinding neoliberalism can save us from what we 
have in store, I fear.

Bob



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