"There are really only two ways to increase household consumption sustainably. One is to force a redistribution of income from the richest Americans to the rest. The other is to impose trade tariffs or, what amounts to the same thing, to tax foreign purchases of US assets, especially US government bonds, in order to drive down the current account deficit and so allow the US to retain a larger share of what has become the most valuable commodity in the world: demand."
Well you can forget the first way.
And how on earth would the standard of living be maintained with the second. One SUV instead of two!!!
Borrowing for consumption is the right of every American.
- Forums
- Economics
- Euro-Zone Deflation Risk Remote, Says ECB
"There are really only two ways to increase household...
-
- There are more pages in this discussion • 565 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online