Larry Summers and Timothy Geithner wrote an op-ed piece for yesterday's Washington Post.
In it they identify the problems with the financial sector that they see as causes of the economic downturn and the regulatory proposals they are calling for to prevent such crises in the future.
Since they do not address the Federal Reserve money printing that caused the problem, nor the roller coaster activity in money supply manipulation since the start of the crisis, it will be business as usual with the very scary options of galloping inflation or a major recession down the road---and new regulations which will make it more difficult to adjust to the volatile period ahead.
It won't be pretty.
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