Saturday, November 24, 2007

Macroeconomic Insanity

Nobel laureate Paul Samuelson argues for more credit infusion into the market, as well as regulation changes to help out the mortgage borrowers. However there are others (Ben Stein et al) who argue that the problem is relatively tiny when compared to the size of the entire real estate market. And congressman Ron Paul has of course thrashed Ben Bernanke that credit infusion will lead to higher inflation and further devaluation of the dollar. Paul Krugman thinks higher saving rate leads to a weaker dollar. And if you are not confused enough, then there are the conspiracy theories that link it all to elite puppeteers, war, finance, and religion. Fun times.

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