Only a freakin liberal or Islamistsame thing? Anyone?would think that something offensive would qualify someone for the death penalty.
Taxing capital will hurt the very middle-class workers and incomes Obama claims he wants to help. His so-called middle-class economics doesn't work.
The problem with the global economy in general is debt. You cannot cure a debt-deflation problem via attempts to force more debt into the system. It is axiomatic the cure cannot be the same as the disease.
The ECB now has committed to buying 60 billion euros worth of bonds per month for 18 months, much larger than the estimate for 50 billion euros per month for 12 months.
Simply stated, tax-and-transfer entitlement programs dont work very well with aging populations.
Most of the so-called developed world has followed the U.S./UK-led 'Anglosphere' in pursuit of Keynesian economics, focusing on consumption-based economic growth that can supposedly be stimulated by currency debasement.
In the wake of ECB's 60 billion a month QE madness (see "QE already Working" Says IMF Lagarde; Ho-Hum Details Announced; Gold the Place to Be), one might be wondering what it may do to European bond yields.