Cover Story, as national debt soars - prospect of eventual inflation take flight, boosting interest rates, pummeling dollar. Inflation unlikely to hit until economy perks up! It takes time for the economy to be back on track and patience is required.
How to beat inflation in the long run? We can do well if we change our lifestyles to be simple with no-frill approach as folks in rural USA and farmers in China. Such ways are known to Ben Franklin, Confucius to be compared with Adam Smith of the traditional virtue of frugality. Such ways would then be able to overcome financial crisis in the years to come.
The idea and the ideals are worthy of note if we are serious about handling challenges in the 21st century.
Francis Shieh a.k.a. Xie Shihao to share realistic thoughts with readers online apropos of Sino-American economics of thrift.
Monday, June 29, 2009 at 3.26 p.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment