“In the choice between death of all and death of just a few, Odysseus veers close to Scylla losing some of his brave crew. This is the choice facing our economy in the year ahead. Should the United States ramp up our monetary base through continued “Quantitative Easing” and send the ship of state toward the rocks of inflation, or should it slash our excessive governmental expenditures and veer the ship toward the whirlpool of ever increasing unemployment?”
~ Richard Marcus, Ph.D., chair of the executive committee of the Sheldon B. Lubar School of Business at the University of Wisconsin-Milwaukee.
Read the full Milwaukee BizBlog: Between a rock and a hard place
