It is most unlikely that they will continue to invest as much in dollars as they have. This is the major financial crisis. The dollar would go down. Interest rates would go up. The housing bubble would end.
More Quotes from William Niskanen:
embedded part of our fiscal picture.William Niskanen
He's provided good political judgment on campaigns, but not good political judgment on getting legislation through.
William Niskanen
I think he's done an extraordinarily good job. I worry, however, that the wisdom he has brought to that job has not been institutionalized in the Fed.
William Niskanen
There's too much incentive for big corporations to acquire other smaller companies and overpaying for them, rather than giving money back to shareholders.
William Niskanen
That's not what senior executives ought to be doing with their time. They ought to be worrying about business decisions.
William Niskanen
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