Wednesday, April 1, 2009

London calling...

Cross post from AM Donkey regarding the G-20 summit this week in London.

Boiled down to special sauce:

One of the few solid economic principles over the past century is that aggressive stimulus actions from governments work. Yet, as we flounder today, a confluence of domestically based partisan politics and internationally based protectionist economic nationalism is creating an environment that is not conducive to any form of a globally coordinated fiscal stimulus action...

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