Monday, September 21, 2009

Self-Regenerative Power of Markets Lift Us Off the Rocks

A great piece by James Grant who argues that the latest gloomy forecasts ignore an important lesson of history: The deeper the slump, the zippier the recovery.
One may observe that Ronald Reagan stood for enterprise, free trade and low taxes, whereas Barack Obama stands for other things.
Read more here.


brando said...

One may also observe that the Great Mortgage Backed Security Meltdown was a natural apotheosis of Reagan Economics. I’m all for a quick and robust recovery; and I hope Obama supports various free trade initiatives, such as the FTA with Columbia and South Korea. But do we really want to go back to smoking the unregulated Wall Street Financial crack pipe?

Cleaning business Ev said...

Hmmm, interesting theory.

My Internet business (cleaning business consulting+) has doubled in the last year. So I guess it depends what sectors are being obsessed over.