Home > News > The Four Cylinders of Economic Growth
May 28th, 2007
The Four Cylinders of Economic Growth
Abstract:
Today's U.S. economy is literally crying out for an increase in money and credit - at any price! The super bears seem to think such an increase in money supply would prove too heavy a burden to bear by the supposedly "fragile" financial system. The legitimacy of such a notion ranks right up there with the flat earth theory. The financial markets are forward looking, and since 2003 they have been looking forward to the day when finally the monetary regulators throw open the flood gates and allow a tidal wave of liquidity to wash over the commercial landscape. When that happens you will see an economic boom unlike any other. We have yet to even experience what some have called the "build-out phase" in the ongoing Technological Revolution. Part of this revolution is the extraordinary production potential of nanotechnology, which has yet to be fully unleashed upon our economy. This segment alone will require massive amounts of money to develop and could absorb, by itself, any amount of increase in the money supply the banks would care to make available.
Source:
goldseek.com
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