Jan 5, 2011

Mark Zandi defends the American Empire based on blind faith in policymakers

We have big problems, the number one issue is our fiscal situation. In my view, it was very important for policymakers to act aggressively in response to the financial panic and the Great Recession, but as they say there is no free lunch. It did cost us, you can see it in our deficits and in our debt load. So, we've got a lot of hard work to do but I think we're up to the task and ultimately we will address the issue gracefully enough that we'll get through this reasonably well.

~Mark Zandi, chief economist, Moody's, Yahoo! Tech Ticker interview, January 5th, 2011

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