consumption stimulus

US Treasury Plans To Stimulate Finance Consumption

US Treasury picture and photoThe Treasury Secretary Henry Paulson, this Keynesian economist of the 21st century, is ready again for a blow under the America’s tight belt. His theory is simple – if people lost too much weight, we should give them a fist of amphetamines and the promise of a wonderful land after the crisis will pass. Amphetamines will give them the sensation of light in the darkness of the financial crisis, whereas the promises show that Treasury is trying to do something for the nation. And according to the principle that “any action is better than sitting and waiting”, Treasury has launched itself into water. As we noticed few months back on…Read More »US Treasury Plans To Stimulate Finance Consumption