Tuesday, December 30, 2008

why stimulus fails to stimulate

I am publishing this great excerpt from MJ's (a good and wise friend) email, that I think is worth sharing...

"Too many policymakers, business leaders and other experts are looking for ways to stimulate growth once again. The problem is they want to get back things to the way they were. Almost all efforts at stimulation would prove counter-productive...they will make the problems worse. Key idea to remember is that we had too much growth compared to our preparedness to assimilate growth. And growth at any cost is the strategy of the cancer cell not of a healthy one. First, tumors and other malignant stuff has to be removed. Only then tonics and exercise can deliver results. "

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