Friday, September 23, 2011

($MACRO) Central planning has failed. Keynesian strategies have failed. We keep covering up bad debt with pretend accounting measures and gimmicks. Authorities and politicians wish to stretch things out given the election cycle and hope things improve. Dealing with serious problems with half-measures means you just extend the problems. Sometimes it’s just as well to let things go; make those pay that are at fault including shareholders and bondholders. Let the free markets work.-D.Fray

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