Inequality Is Killing Capitalism
November 25, 2012
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Posted by John Brian
In short, recovery cannot be left to the Fed, the European Central Bank, or the Bank of England. It requires the active involvement of fiscal policymakers. Our current situation requires not a lender of last resort, but a spender of last resort, and that can only be governments.
Categories: A Moral Question - Not A Political One, A State of Distress, Catholic Social Teaching, FDR, Obama Austerity Comes to America, The Suffering Poor
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