Friday, March 06, 2009

TMP shows the way

Right at the start of this crisis TMP offered the world's politicians the simple way out, but no one listened.

We proposed that the US paid off Billy Bob's mortgage by printing money to employ him on public projects and thus crucially allowed the status quo to continue, while the toxic mess was sorted out and villains of the piece were identified and expunged.

Now EVERYONE is going to be forced to print money in a desperate attempt to stave off depression - except that vastly more money is now being poured on a bonfire that need never have been allowed to get to the size of conflagration we are now witnessing.

Obviously TMP would indeed have saved the world (sic) a lot of bother if only anyone had bothered to listen. But no one ever gets thanked for being right, do they?

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