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The Corporate Cash Myth

19 Dec

Normally, I do not just repost other’s articles, but this speaks for itself.

In this article titled “The Corporate Cash Myth“, Neerah Chaudhary makes a good point about the “mainstream” narrative that corporations are sitting on huge piles of cash and that government needs to be used to go in and take the money away in order to put it to use in our stagnant economy. 

In short, despite huge amounts of cash on their balance sheets, America’s largest companies are as broke as the rest of the country, and not only are they in no position to hire workers, but higher interest rates could result in more layoffs at a time when the nation can least afford it. Given these factors, economists, journalists and politicians should be applauding corporate cash reserves not deriding them.

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Posted by on December 19, 2011 in Uncategorized

 

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