Nouriel is a good economist and his description of the problem sound accurate to me. His solution may be correct but I can not decide what is worse for the American Era. He just might be correct that we can minimize this mess by massive governmental interference in markets and company's. I am scared his temporary government intervention solution is simple fantasy. When has anyone ever seen a temporary government program. We are becoming fascist.


It is a mistake to think businessmen are more immoral than politicians!
Keynes, 1937