Nobel Economics Laureate Edward Prescott explains what he thinks has gone so wrong in the region, and what needs to be done to put it right.
The Sad Truth is if you want to change our form of government from a Constitutional Republic Governed by the Rule of Law to the European Socialism Model, continue down the road of Obama. Right now the European Socialist Nations of; France, Greece, Italy, & Spain are on the verge of collapse. Yet Obama still wants to redirect the USA toward European Socialism & Keynesian Economics, expecting a different outcome. The only thing Socialists end up sharing in is their own misery as Oligarchs profit.
