No. of Recommendations: 14
The failure to even discuss the near universal lack of intelligent fiscal policy, especially regarding high pay-off no glory maintenance and large scale projects [usually not at all like "shovel ready" zip stimulus favored by Congress], terrifies me more than anything else.

The failure of fiscal policy is the primary reason central banks are going insane. Fiscal policy is in collapse because

1) The Euro was an abortive lurch towards a EU centralism that might have provided fiscal sanity, but they never got that far;

2) China is making up everything as it goes along, but care of their state owned zombies remains an extremely high priority and their banking is rigged around that, with Japan doing its own indecipherable Noh drama on the side;

3) Western governments increasingly have fallen under the control of demagogues "brought to you by...." interests dedicated to economic madnesses and inimical to long term thinking.

Without sane counter-cyclical taxation and budget policy, working in concert with cost effective infrastructural investment, we are doomed to monetary madness and economic stagnation animated by credit driven consumerism.

david fb
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