While some may consider it in appropriate to write an article like this shortly after Inauguration Day while the ‘warm fuzzies’ still abound – the headlines relating to the world economy continue to tell a story of a system overloaded with debt and politicians trying to solve the problem by getting banks to lend more money. Although to be fair, it’s not just US politicians – its politicians from almost every industrialized country around the globe. It’s a universal political instinct. Got a problem Throw money at it, even if you don’t have it.
By now, the data has shown that the initial bailout offered by government didn’t work. In my view for three reasons.
