Archive for November 2010

What should the USA do?

November 25, 2010

The USA must make a couple of things to hinder an economic disaster: the old good manufacturing must get back to the states. That can be done by giving exemptions from corporate taxes and paying for education and training of new employees – I would go even further and say that in stead of printing dollars and buying bonds that money should flow to education of the citizens.  Corporations should also be able to hire for minimum wage and work free of trade unions – at least for 7 years. That would curb the USA back on track! I haven’t seen any better real proposal, but just the QE2 – printing cash is no real solution at the end of the day! This will certainly help avoiding deflation, but will on the long run increase the interest rates. When the money would flow to the education, schools, colleges, and universities it would increase the know-how and knowledge, but be also in circulation and not handled through banks only! This is a true alternative! Manufacturing and education would generate a lot of new jobs, make people able to earn money and pay bills and buy stuff = consume! This way is the better way.