There is a long-term advantage here for the U.S. economy, based on its financial and legal structure, and its investment and managerial expertise. In a metaphorical sense, the U.S. economy operates like a huge bank, accepting "deposits" from the rest of the world on which it pays fixed safe interest rates, and then seeking ways to invest that money in corporate projects around the world.Timothy TaylorThe inside mechanism of Timothy's Socialist Bank. Behind this flow is a guarantee, a guarantee that the middle class will submit to the threat and actuality of force in collecting insurance payouts when the scheme blows up.
Thursday, July 14, 2011
Flowing Capital
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