Business Services Industry
The State, Columbia, S.C., C. Grant Jackson Column.
Knight Ridder/Tribune Business News, November, 2003
By C. Grant Jackson, The State, Columbia, S.C. Knight Ridder/Tribune Business News
Nov. 18--3 comments from ... Morgan O. Reynolds The former chief economist of the U.S. Department of Labor spoke Monday to the Columbia Economics Club
On the economy: We have come off the biggest financial bubble, binge, boom in world history. Unsustainable, credit-driven, as all bubbles and booms are.
Unsustainable, absurd, with all the symptoms, all the overconfidence, the hubris.
On the national debt: The debts are fairly semi-permanent. We have a thunderous hangover, and what do the doctors in Washington, D.C., recommend? More booze.
More of the same stuff that got us the problem to begin with.
On the recovery: The...
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