Blast From the Past
ForexHound (27 Apr 09)
Excerpt: Nicholas Brady, former Secretary of the Treasury during the Reagan and Bush I administrations, gave a speech (below) at a dinner in his honor celebrating the 20th anniversary of the “Brady Plan.”
Among the points Brady makes that I found particularly noteworthy was his insistence that the only way to move forward was with an honest and realistic assessment of the facts, and that the solution to the problem of “too much debt was not more debt but less.”
Read the full article . . .