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Saturday, December 12, 2009

In a Nutshell...

An interview with Jim Rogers I saw summed up perfectly why the so-called 'stimulus' measures of massive public spending and rapidly expanding money supply won't work (and in fact will make things worse, long-term).

We need more federal spending and inflation of the money supply to solve our economic woes the way Tiger Woods needs another girlfriend to smooth out his family life.

Can't spend your way to prosperity and you can't borrow your way out of debt.

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