Monday, May 21, 2012

Interview with Jim Rickards: “Why didn’t stimulus work?”

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/7_Jim_Rickards__Part_II.html

That interview with Jim Rickards covers “Why didn’t stimulus work?” He points out because it isn’t stimulus. It is spending. It is debt. It is returning less than we borrow.

You may say but, all the other recessions were ended with debt and spending. Were they? They never got back to where we could pay down [...]



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