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Marc Faber: Send Every Household $10 Million
In this "Worldwide Exchange" excerpt, Marc Faber, managing director and editor of The Gloom Boom and Doom report, suggests that "if you want to have an expansionary monetary policy that helps the man on the street" you should send every household a large check in the millions of dollars. But he still warns that fueling consumption is only a temporary fix for the economy and leads to bigger problems later.
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Marc Faber: Send Every Household $10 Million
In this "Worldwide Exchange" excerpt, Marc Faber, managing director and editor of The Gloom Boom and Doom report, suggests that "if you want to have an expansionary monetary policy that helps the man on the street" you should send every household a large check in the millions of dollars. But he still warns that fueling consumption is only a temporary fix for the economy and leads to bigger problems later.
Date: 9/14/12
Views: 207
Video by:  CNBC
 
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