MadeInTaiwan said “With out credit, the economic engine will seize.”
Really? Are we still beating that drum? I’ve heard for the past 8 years, mainly from the Bush camp, that oil and credit are the life blood of the economy. This is patently false, and I wish those misconceptions would go away. Savings and technological innovation are the life blood of a sustainably prosperous economy. Oil and credit are poison to America, leading only to costly interventionist war, deficit spending and speculative bubbles.
