January 09, 2009

Do you belong to an unkown sect of Austrian economists?

Sir in “A plan to spend – and to pay it back” January 9 you admonish that “Congress should not commit themselves to fiscal consolidation too soon”. Are you joking? Don’t you know Congress is composed by politicians?

Also I cannot understand why you egg on the announcement of even larger stimulus packages knowing that these will come, in due time, if there is room for them. Could it be that you belong to a sect of extreme Austrians economists that want Obama to spell out the real figure so that the markets are spooked right away from believing the dollar is a safe haven?