Commentaire de Bernard Dugué
sur Vous vous trompez M. Stiglitz, il existe un modèle économique alternatif !
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How Obama could be the Greatest President Ever
by Fred E. Foldvary, Senior Editor, January 19, 2009 A crisis is an opportunity for revolutionary change. Obama could become the greatest president ever, and fulfill the hopes he inspired, by making radical changes. He could put the economy on track to prosperity, reorient American foreign policy towards harmony, and refresh the American spirit of liberty.
The government could end the recession within three months with “money to the people.” Congress would authorize the US Treasury to print thousand-dollar bills, and give every US resident six of them. That would be debt-free and would end the negative-feedback loop of higher unemployment creating ever less demand for goods, which then makes companies shut down and lay off workers. The recession creates economic lockjaw : banks fear to lend because companies are shutting down and workers are losing their jobs. Cash is the ultimate credit and the antidote to credit freeze. “Money to the people” is almost a free lunch, because the recession is causing deflation and fear of further price declines. Monetary expansion is bad medicine except in an economic depression with deflation, when it is a good tonic if given directly to the people, not to the risk-fearing banks.
Une solution est bel et bien de donner du cash aux gens pour limiter le crédit, l’endettement et l’insolvabilité et relancer la machine. Foldvary, un type génial, qui pense comme moi !
Derniers commentaires
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22/01 17:58 - xbrossard
c’est amusant de lire qu’il faudrait donner plus d’argent aux gens sans dire (...)
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20/01 11:21 - Voltaire
L’afflux de cash entraine nécessairement de l’inflation qui anhile le pouvoir (...)
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20/01 11:13 - Candide
à Voltaire "A l’heure actuelle, il n’existe pas en effet de modèle (...)
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20/01 10:59 - Bernard Dugué
Comme le signale Foldvary dans son édito superbe (voir plus bas) les petits changements et les (...)
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20/01 10:57 - pissefroid
Il-y-a longtemps que j’attendais ce type de discours. Cela me rappelle un papier que (...)
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20/01 10:56 - Bernard Dugué
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