Whoever knows he is deep, strives for clarity; whoever would like to appear deep to the crowd, strives for obscurity. For the crowd considers anything deep if only it cannot see to the bottom: the crowd is so timid and afraid of going into the water.

- Friedrich Nietzsche

The Economy Smells

Many politicians say the economy is fine, while others say it is horrific. Both, whether they say it outright or not, believe government is the solution. So far, the "bipartisan" solution has wrought:

Dollar Falls to Record Low Versus Euro as Fed Signals Rate Cuts

March 1 (Bloomberg) -- The dollar fell to the weakest ever against the euro and to a three-year low versus the yen after Federal Reserve officials signaled they will keep cutting interest rates to support the economy.

Get the government out of the way and let the overdue correction happen. That is our best solution, but not a running politician in sight will offer such optimism, such truth.

posted at 12:46:12 on 03/03/08 by clearpolitics - Category: Economics - [Permalink]

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