Saturday, November 15, 2008

"Periods of crisis often beget bad policies."

So says UCLA economist Lee E. Ohanian who argues that the New Deal prolonged the Great Depression by about seven years and that the government's so called "bail out" is actually causing the slow down by increasing uncertainty.


  1. It is really important that we learn to fight over the crisis, as that’s what will help us achieve our goals and targets. I do Forex trading and there, it is plenty of crisis that happens, but to be successful we definitely need to overcome them. I trade with OctaFX broker which helps a lot given their top class facilities with low spread of 0.2 pips, high leverage up to 1.500 plus much more, so that makes thing relatively easy.