Matt Kibbe and the Economy?
The inevitable question of the economy was asked last night of the McCain and Obama. “Who should the next Treasury Secretary be?”
The clear cut choice for change would be Matt Kibbe president of FreedomWorks.org. His background and theories support reinstating more realistic principles to the American market place and the individuals that must use it.
But I want to add some more suggestions. There needs to be more focus on foreign capital that comes and goes in and out of this economy. This money does not belong to this country but is parked here for investment purposes. We need to start monitoring that so as to prevent the wild market swings we are seeing now. All the internal economic policy in the world is not going to help us if we do not get some sort grasp as to how much we do not control.
Stabilization of housing prices was McCain’s number one priority and I agree with that. The issue really is in my opinion an issue of par value of property. Since interest rates and price are inverse, do we rise rates to prevent inflation of housing prices like Jimmy Carter did, or do we allow deposits of equity to circulate less by having capital tied up in equity. The problem with the latter is that it is all too often borrowed against. I saw on CNN yesterday a display that said wages and increase of home value were equal to the average American. This is dangerous.
Using property to replace a gold standard was great, but once everyone borrowed against it for consumer goods the benefits were wasted.
The clear cut choice for change would be Matt Kibbe president of FreedomWorks.org. His background and theories support reinstating more realistic principles to the American market place and the individuals that must use it.
But I want to add some more suggestions. There needs to be more focus on foreign capital that comes and goes in and out of this economy. This money does not belong to this country but is parked here for investment purposes. We need to start monitoring that so as to prevent the wild market swings we are seeing now. All the internal economic policy in the world is not going to help us if we do not get some sort grasp as to how much we do not control.
Stabilization of housing prices was McCain’s number one priority and I agree with that. The issue really is in my opinion an issue of par value of property. Since interest rates and price are inverse, do we rise rates to prevent inflation of housing prices like Jimmy Carter did, or do we allow deposits of equity to circulate less by having capital tied up in equity. The problem with the latter is that it is all too often borrowed against. I saw on CNN yesterday a display that said wages and increase of home value were equal to the average American. This is dangerous.
Using property to replace a gold standard was great, but once everyone borrowed against it for consumer goods the benefits were wasted.
