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Warren Buffett
Flawed debt and trade policies plague U.S.
Flawed debt and trade policies plague U.S.

The U.S. environmentalists are ecstatic about the handshake, non-binding agreement between Presidents Barack Obama and Xi Jinping to reduce carbon dioxide emissions. In reality, the Chinese have merely agreed to follow their existing energy strategy of replacing coal with natural gas and nuclear power. President Obama proposes a 28 percent reduction in carbon dioxide emissions, which will impede U.S. economic recovery and deflect action from our underlying economic problems that neither the new Republican Congress nor the president will touch: flawed debt and trade policies. The Fed announced recently that it was ending the largest ever Keynesian experiment of quantitative easing that...

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