And...we should be careful in our criticisms of what is going on...Roubini's perspetive is really a Vienna School perspective. It aligns with ours, but it is not fundamentally ours in how policy prescriptions necessarily would follow.
Or, as Pat Buchanan from their side, in America, might say, we share the same diagnosis...it's just that the cure we set out for the patient is quite different. Fai de bèn a Bertrand, te lou rendra en cagant
In the US, at least.
The best I can foresee is a "Newer Deal" being instituted IF the Democrats can get a large enough majority in Congress in the upcoming election.
