If We Discovered That, You Know, Space

When The Fed Decides That Inflation Is Too High, They Have The Tools, And They've Shown Historically That They Have The Will, To Bring It Down. And, It Might Be Painful.

You Really Have To Go Searching Desperately To Find Any Contemporary Examples Of Good, Old-fashioned Runaway Inflation.

The Key Reason Executives Are Paid So Much Now Is That They Appoint The Members Of The Corporate Board That Determines Their Compensation And Control Many Of The Perks That Board Members Count On. So It's Not The Invisible Hand Of The Market That Leads To Those Monumental Executive Incomes; It's The Invisible Handshake In The Boardroom.

To The Extent That Sacrifices Need To Be Made, Shouldn't The People Who've Made Out Like Bandits This Past Generation Be First In Line? The Problem With Getting Out Of The Slump Is That We Need To Spend More. It's Not That Somebody Needs To Spend Less. We Have Idle Workers Who Have The Skills And The Willingness To Work. We Have Idle Factories. Dealing With This Is Not About Saying Somebody Needs To Suffer. It's Saying That We Need To Be Prepared To Open The Taps.

Consumer Spending Is Now Plunging At Serious-recession Rate ... Even If The Rescue Now In Train Succeeds In Unfreezing Credit Markets, The Real Economy Has Immense Downward Momentum. In Addition To Financial Rescues, We Need Major Stimulus Programs.