Monday, January 9, 2012

Maybe we should forget about balancing the trade deficit

So long as we do two things correctly pin the nominal interest rate structure

And maintain full employment thru hell and high water


The forex must fall eventually
Of course b4 balance is reached we won't have the ability to produce
our national standard of living
unless we have a masive domestic green industrial production and energy platform
In pursuit of such a green durable product job house
As policy of some sort
we'd need to consider this cole tive national project
as among much else
import substitution

Howver we go forward
actually setting forex targets might be un necessary
if the fiddlers want to subsidize our national consumption

Let em