本日佳句 - Fred Wilson on America-need-a-turnaround-plan
Posted in Investment, Quote on Oct 9th, 2008
The Final paragraph resonate with my thoughts: (source)
There are those who say you can’t cut spending and raise taxes in a recession - that doing that will lead to a depression like we had in the 1930s. I don’t think so. I think the global economy is in an expansionary period driven by expanding wealth in the developing world and the power of technology to drive commerce and communication. And our problem is we are stuck in the last century, fighting the last war when it’s long over. We need to get our house in order, play in this global economy with a stable and sustainable business model. And we don’t have that now. And we must get it in place soon.
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