This post by Pimco founder Bill Gross is so contrary to bi-partisan conventional economic wisdom, you'll probably think I wrote it for him. I didn't, but I endorse it highly. His tease:
- The past several decades have witnessed an erosion of our manufacturing base in exchange for a reliance on wealth creation via financial assets.
- Fiscal balance alone will not likely produce 20 million jobs over the next decade. Government must take a leading role in job creation.
- A growing number of skeptics wonder whether college is worth the time or the cost.