I hate to say it but now is the time to turn on the printing presses

jem · Nov 19, 2008

Quote from Mvic:

Cuddled masses? I know Obama is supposed to be the answer to everyone's problems but I don't think free cuddles for everyone are also included. Seriously though, I would agree with the sentiment that those in the west are certainly a mollycoddled lot.

If there is to be massive spending then lets direct it toward areas that will yield significant growth and national competitive advantage. Lets subsidize the R&D budgets for tech, bio tech and pharma, lets pump money in to science education in this country from middle school to grad school. Stuff like that, not just the unimaginative tired old roads and bridges mantra. Do we want a nation of subsidized laborers or a nation where high value jobs are created due to innovation for the highly educated due to better funding of science education.

Growth is the only answer to our problems and technology and innovation is the only way to achieve that growth.
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You have my vote.

151 · Nov 19, 2008

Would deflation only be bad (say for the individual) if you were in debt?

If someone was not in debt as long as prices dropped even with income they are cool right?

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I hate to say it but now is the time to turn on the printing presses

jem

151