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Did I say they conspired to ruin the economy? No. Did I say I blame them for the state of the economy? No. And I don't listen to talk radio. I'm blaming the e
by jstalin 14y ago
Did I say they conspired to ruin the economy? No. Did I say I blame them for the state of the economy? No.
And I don't listen to talk radio.
I'm blaming the excessive amount of debt in the system, both personal and public. It's crushing. Each additional dollar of public debt is having a negative real effect on the economy. Of course, the crushing level of bureaucracy and costs of running a small business are a big part of the problem as well. The economy is paralyzed by debt and regulatory uncertainty.
If Japan can manage as a majority-services economy, we can too. Manufacturing doesn't make the world suddenly better.