This Weekdend’s Contemplation #2 – Economic History is Being Made in Davos

'Few people appreciate the meetings in Davos, the site of a lot of very powerful economic and financial people. The results of this meeting may not yet be that far reaching, but the ground work is being laid for substantial changes in the future. The primary one is that the days of allowing the markets to fix all the problems are over. The state or government is going to be taking a much larger role going forward. The US is not well equipped to play this game.'