Friday 13 September 2013

Bank of England governor Mark Carney rattled as he defends forward guidance | Business | The Guardian

Is the problem that of consumers spending or of businesses producing and selling?  

Spending increases with income increases   .....  a la permanent income expectation! 

Low interest rates really do help pay down consumer debt, but there is conflict between the two policies, that of paying down consumer debt and that of increasing consumer spending. 

Best policy is to raise minimum wage and force companies to be more efficient while reducing incentive of inward migration that keeps wages eternally low and costs so much in welfare and medical expenses.

RAISE THE MINIMUM WAGE!



I think it is important to be frequently optimistic and thoughtful! 

RT

Concerned about cell towers? ... http://southcott.blogspot.com 

   



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