Dr. Sanders GMU 1968_Fiat_500L_007_6441 - Harvard’s Larry Summers had an interest blog post recently on the underachievement of the US economy since 2007 (or the incredibly bad estimate of potential GDP). Similarly, Japan has a serious disconnect between its growth forecast and ACTUAL growth. Both the US and Japan have jumped on the FIAT train. FIAT money refers to an intrinsically useless product used as a means of payment, not the Italian car maker. Here is a chart o... ow.ly/2Q28bX
Posted on: Sun, 02 Nov 2014 15:03:53 +0000
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