From	To
Email: * First Name: Last Name: Send a copy to myself	Email: * First Name: Last Name:

Commentary Topic from greenfaucet

The New Welfare Queens

In my recent articles, I have attacked the popular notion that low interest rates will help the economy recover, arguing that they cause capital flight and remove the very resources needed for growth. After all, most investors and corporate executive are using all their mental energy figuring out ways to get money out of the U.S. economy, whether by owning gold or buying foreign stocks. Despite today's strong non-farm payroll report, we still face a structural employment crisis that won't start improving until the U.S. becomes a more attractive destination for capital.