An Alternative

Mish Shedlock quotes:

In a statement I have been repeating for a year, there is no need for more Wal-Marts (WMT), Pizza Huts (YUM), Targets (TGT), nail salons or strip malls. Indeed, major retailers all are dramatically scaling back plans right now. Simply put, there is no source of new jobs heading forward, even as layoffs pick up steam. Unemployment will soar and that will further depress housing by creating more foreclosures and thus more inventory.

Agreed, but we COULD have a source of new jobs that would make all of our current problems disappear...

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We could deregulate something, anything. Medicine. Education. Self-defense. It does not matter. Shedlock points out Japan had it easy when 20 years ago it was in the jam we face today, because the job creating dot.com boom was happening, that a result of deregulation.

The classic government jobs-creation program is war, which I pray to God we do not select.

Shedlock also points out people are parking their money in CDs and money market funds. Perzactly! What would you invest in today? What seems safe? Not even gold! Just think what would happen if we all agreed to a complete deregulation in medicine in USA. Poof! There goes every problem we face. The war in Iraq would end as every member of the USA military abandoned the war to get into a medicine start-up. 20 years of peace and prosperity.

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