NICE TO SEE MARTIN FELDSTEIN IN THE WSJ YESTERDAY ESSENTIALLY REPEATING THE SOME THINGS THAT HAVE BEEN SAID HERE!
LIKE:
BERNANKE IS IN A "CATCH-22"....
AND THIS RECESSION COULD SURPRISE PEOPLE IN IT'S LENGH AND DEPTH...
BUT MACRO ECONOMICS IS A CLOSED SYSTEM...THERE ARE ONLY SO MANY "MOVING PARTS."
AND REASONABLE PEOPLE WILL THINK ALIKE AND DRAW SIMILAR CONCLUSIONS...
WHAT I SUSPECT IS NEEDED IN THE US NOW...IS NOT CLOSED SYSTEM THINKING...BUT RATHER THINKING "OUTSIDE OF THE BOX."
1. WHAT IS THE FUTURE OF THE "CHEAP LABOR" PARADIGM...BECAUSE THAT'S REALLY WHAT IT IS...NOT THIS BULLSHIT ABOUT GETTING PEOPLE "BETTER EDUCATED!"
2. WHAT IS THE FUTURE OF LONG TERM TRADE DEFICITS BY THE US...AND HOW CAN IT BE REVERSE...AND PLEASE DON'T SAY "THE MARKETS" BECAUSE THE MARKETS WILL "CURE" THE US ECONOMY BY KILLING IT!! AND EVERYONE KNOWS THIS IS NOT GOING TO BE ALLOWED... THERE IS SOMETHING CALLED "POLITICS" YOU KNOW...THAT WILL TRUMP ECONOMIC THEORY SOONER OR LATER...
3. CAN LABOR IN DEVELOPED NATIONS BE "PROTECTED" WITHOUT STOPPING THE DEFLATIONARY EFFECTS OF CHEAP LABOR PRODUCTION... OR...SHOULD CHEAP LABOR EVEN BE ALLOWED TO "IMPORT" DEFLATION INTO A DEVELOPED ECONOMY FROM ABROAD...?
SO HEY...! UNCLE MARTIN!
LETS START THINKING OUTSIDE OF THE BOX...AND CUT THE CONVENTIONAL BULLSHIT THAT EVEN I CAN SPOUT... BECAUSE. I'M NOT ON THE SHORT LIST FOR THE NOBEL PRIZE!!
