Op-Ed Columnist - China to the Rescue? Not! - NYTimes.com:
"It’s good advice. China is not going to rescue us or the world economy. We’re going to have to get out of this crisis the old-fashioned way: by digging inside ourselves and getting back to basics — improving U.S. productivity, saving more, studying harder and inventing more stuff to export. The days of phony prosperity — I borrow cheap money from China to build a house and then borrow on that house to buy cheap paintings from China to decorate my walls and everybody is a winner — are over."
Sunday, December 21, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment