[Skip to the end]

Yes, but this would help world demand.

But it’s throwing away a major opportunity to increase our standard of living by supporting domestic demand unilaterally and letting the rest of the world rely on exports to us:

Interesting news from Treasury:

1. Propose to increase IMF standy funds from $50 Billion to $500 Billion (major positive for emerging market credit).
2. Calling for all G20 countries to spend 2% of GDP in stimulus in both 2009 and 2010.
3. Calling for some kind of global trade finance initiative.

[top]