: About Me

I think the actual U.S. financial crisis is consequence of a wrong economic belief, in the US politics and business world, according to which the Fed and the government should "support" the national economy, by keeping interest ratex low and encouraging credits and private consumption. This paradox of a free-market country, behaving as a keynesian policy-maker, is reflected into the U.S. trade deficit problem. The question is: Why has been being the U.S. trade deficits so high for the latest 7-8 years? The cause is unfortunately always the same: wrong monetary, fiscal and currency policies...