We Need Volcker-Reagan
You can take all the sophisticated economic mumbo-jumbo and toss it. Our predicament is simply diagnosed and simply corrected. We are stagflating. We need higher interest rates (Fed funds around 5%) and lower taxes (Bush '03 tax cuts made permanent and corporate rate cut to 25%). We need them now. Will we get them? Doubtfully.
posted by Donny Baseball at 9:19 AM
1 Comments:
and the longer we stagflat, the more pain there will be down the road when we finally take our medicine. The Bernanke Fed has a good chance to become one of the worst in history.
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