the last four years of stimulus hasnt worked. Why does the Fed need more stimulus?
They can make it up in volume.
Or, in other words, if banging our heads is not working, we should bang our heads even harder.
posted on 01/30/2013 6:01:29 AM PST
(When people fear government there is tyranny; when government fears people there is liberty)
That’s the old joke at GM. A friend of mine was the Chief Risk Officer there.
At senior exec meetings they would note that “we are losing $2,000 per car.”
“yeah, but we make it up on volume!”
posted on 01/31/2013 7:18:40 AM PST
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