Macro Musings Blog
David, you are a nice man but as I have argued for 3 years, you have comprehensively misunderstood what's going on. Monetary policy is deckchairs on the Titanic. US is in irreversible relative decline, bloated military, unsustainable empire, a failed crappy political system, no leadership, crappy K12 education. I dont think there's any way out here except to let history take its course. Hope for a Japan or Britain, fear an Argentina.