Monday, December 8, 2008

Obama's quicksand

The economic ground is shifting so rapidly under his feet, and his team, they may not have any place to stand by the time January 20 arrives. His approaches to the horrendous problems facing the nation may be overtaken by the pace of events. It will require enormous amounts of money to stimulate an economy in depression. That money will of necessity come from the printing presses of the US MINT because our exhausted credit will limit our ability to borrow from abroad without exhorbitant interest rates. Will we end up with paper currency denominated in the hundreds?

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