The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Jonathan Horn, U-T SAN DIEGO
Friday, June 21, 2013
Kelly Cunningham, National University System
Answer: No
The United States is caught in what Peter Schiff calls the “stimulus trap.” There is no easy exit for an economy highly addicted to monetary stimulus by a central bank. The trap redirects capital into non-productive sectors while starving areas of the economy that could lead to economic rebirth. The result is continuing anemic growth and deteriorating underlying economic fundamentals. By prolonging the stimulus gambit, the Fed only intensifies an eventual and inevitable real correction. Unfortunately, the longer the Fed waits, the more painful the exit will be. We are stuck avoiding short-term pain for much deeper and protracted problems.
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