View single post by Joe Kelley
 Posted: Fri Jan 30th, 2009 11:28 am
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
Posts: 6399
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Mana: 
 http://mises.org/story/3299

So to review, the "imbalance" did not start because of too much savings in Asia but rather because of a huge expansion of credit by the Federal Reserve and imprudent welfare handouts by the federal government.