November 12th, 2010
Devaluing the currency to inflate prices for the upcoming election - or whatever, is most likely not the answer to our economic mess. Funny, even The Fed doesnt seem to understand what probably constitutes much of the problem. Guess I better apply for a job there, huh? Think they will have me? Doubt it, prbbly huh?
So what of The Fed’s plan to buy $600B in gov't debt? Any mid-level economics text book says to throw money at the economy, when faced with a liquidity trap. Why do I not think it will work this time? Which brings us to:
The Adam Vernon Trotter Theory of Business Management - appearing soon at a wall-post or blog-post near you (shortened version soon to be released)!! :)
Adam V. Trotter / AVT