addiction

Government economic stimulus is powerful medicine. Just as heroin was once used as a powerful medicine.

Summary: Today America passed an important fork in the road, an easy exit from the massive monetary stimulus running since the crash. If the economy continues its slow growth (well below the 2% stall speed) today might have been the last opportunity for an easy exit. Today also demonstrated the madness that infects us, as …

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Government economic stimulus is financial heroin

Summary:  A powerful metaphor, widely used, about this recession — the worst since the 1930’s — providing important insights. Excerpt from “Financial Heroin”, Don Coxe, Coxe Advisors, 16 December 2009: … my father was a doctor in the Canadian Army in WWII, and served in the Italian campaign. He became greatly respected for his anaesthesia …

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