"Bureaucracy, the rule of no one, has become the modern form of despotism." ~ Mary McCarthy
Japan Intervenes To Bail Out America.com
Submitted by Robert Fredericks on Sun, 2010-09-19 03:00
"The bailout takes the form of a direct transfer of purchasing power from Japanese savers to American consumers, so that Americans can continue buying products they couldn’t otherwise afford. In short, pushing up the dollar allows Japanese exporters to postpone a necessary, but costly, restructuring."
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