Monday, October 13, 2008
Columbus Day 2008
I have no new insights to offer this Monday morning. Confidence and trust are two things that can not be bought or regulated. The economic philosophy that promotes deregulation is a total bust. It will takes months, not days, to build confidence and trust again in the markets and with our financial institutions. Our economy must repair itself and this will take time. Poor public policy has brought us to this point, and it will take good public policy to rebuild our economy and instill confidence and trust in our institutions. America has a clear choice on November 4, more of the same stupid public polices that brought us all to where we are today, or smart public policy that will rebuild our country and trust in the financial institutions that are so much a part of our lives in the 21st century. Vote for OBAMA-BIDEN!!!
Congratulations to Paul Krugman for being awarded the Nobel Prize for his work in economics.