[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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