The Core Value Consultants Blog

Gosh, more stimulus thats the ticket! The massive creation of more public debt management advice, central redistribution, increased regulation, and targeted green spending has been so effective that Mort suggests some more. The only thing that he said that was correct is that de-leveraging takes time. We have tried to paper over the mortgage debt problem through bailouts that create public sector debt. Shifting the problem and kicking the can does not allow creative destruction to redeploy capital, it only wastes time and prolongs the agony. It is time to enable the market correct itself by getting government out of the economic management business.