{"id":2044,"date":"2010-03-14T18:02:27","date_gmt":"2010-03-15T01:02:27","guid":{"rendered":"http:\/\/www.josemarquez.com\/xsml\/?p=2044"},"modified":"2010-03-14T18:02:27","modified_gmt":"2010-03-15T01:02:27","slug":"want-to-restart-the-economy-make-things-not-paper","status":"publish","type":"post","link":"https:\/\/www.josemarquez.com\/etc\/2010\/03\/14\/want-to-restart-the-economy-make-things-not-paper\/","title":{"rendered":"Want to restart the economy? &#8220;Make things, not paper.&#8221;"},"content":{"rendered":"<p>The fascinating Bill Gross, liberal <a href=\"http:\/\/www.guardian.co.uk\/business\/2010\/mar\/12\/bill-gross-bonds-investor\">billionaire<\/a> investor:<\/p>\n<blockquote><p>Markets will be downsized by regulation, even if governments are slow in applying new laws. &#8220;The sun is not setting on Wall Street \u2013 there will always be sunshine on financiers \u2013 but high noon is in the past. It&#8217;s time for ordinary people to benefit.&#8221;<\/p>\n<p>Governments should raise taxes on bankers, who &#8220;don&#8217;t deserve all this&#8221;, Gross says, including himself. &#8220;I don&#8217;t need so much,&#8221; he says. Economies such as the UK and the US should look to making &#8220;things, rather than paper&#8221; to prosper. &#8220;The bubble was reflective of wealth as a function of house prices and derivatives \u2013 that&#8217;s not wealth. The Chinese are showing us what wealth is: transforming creative and well-trained work into exportable goods.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The fascinating Bill Gross, liberal billionaire investor: Markets will be downsized by regulation, even if governments are slow in applying new laws. &#8220;The sun is not setting on Wall Street \u2013 there will always be sunshine on financiers \u2013 but high noon is in the past. It&#8217;s time for ordinary people to benefit.&#8221; Governments should&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/posts\/2044"}],"collection":[{"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/comments?post=2044"}],"version-history":[{"count":0,"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/posts\/2044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/media?parent=2044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/categories?post=2044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.josemarquez.com\/etc\/wp-json\/wp\/v2\/tags?post=2044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}