According to Tom Campbell, we have already emerged from one of the shortest and mildest recessions in recent history. Unfortunately, the consequence of a mild recession is an equally mild recovery. Campbell believes that a tax-free dividend policy would boost the stock market, effectively increasing the rate of return for investors and thereby providing more capital. Stating that confidence is critical in support of economic growth, Campbell goes on the explain the effects of war on the economy, and the support of International Law for US efforts to lead the world through a time of uncertainty.
Highlights:
* How weak signs of recovery are discouraging fixed investment.
* How low interest rates combined with zero inflation can paralyze the flow of money.
* Why business students are visiting federal prisons to study the "double bottom line."