Friday, October 29, 2004

Behold, The End Times Approach...

A respectable economist agrees with Jeremy.

From Paul Musgrave Dot Com:
Probably the best reason to be concerned about the U.S. domestic deficit is that it opens us up to a major shock in the dollar. True, the U.S. meets the Maastricht criteria for joining the EMU, but when serious, sober people like Harvard President and former Treasury Secretary Lawrence Summers start saying that we're on the edge of a precipice, it is a very good idea to start contemplating a change in fiscal policy.

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