Jesús Arturo Devesa

Economist , MBA

Impact of Fiscal deficit reduction policies over economic sectors

Ideas and data for congressmen and senators:

Wealth is needed to create income (07/02/11):

Wealth is needed to create income. Wealth means assets.

Government through monetary policy (printing money) can create fictional assets but these assets don't create income in the long term, they destroy income and create unemployment.

The poorest individual on earth can create wealth through education.

Private investment and innovation have been the sources of growth in the US since its foundation.

Monetary policy has been the tool to manage crisis.

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