I cannot but admire what Obama's economy team is doing. They received a world in total panic, in total uncertainty, no one was buying anything nor investing in production. Deflationary black hole was sucking in the planet. Japan, faced with similar situation a decade before, was seized by fear and did nothing. Life in Japan stopped since. America choose a young and unconventional President, who put in charge of the economy a young team led by Geithner. They are doing very bold things, trying new strategies, and we are talking about betting hundred of billion dollars on untried ideas. While European governments are unable to take any iniciative at all, and China's leaders are putting their money in US Treasury Bonds (the most conservative and unimaginative thing they could do), America's leaders are fearlessly trying out creative ideas in a truly unprecedented scale. The academy and the pundits are horrorized, they say the wunderkindern are fueling an inflationary conflagration, an unavoidable Weimar style collapse and all that. I am a bit frightened too, but admire American boldness and creativity. America is unique in many ways (I have truly cosmopolitan roots and move with familiarity in several languages and cultures, yet find that the world is a frozen dessert and things are happening only in America), and only America has the courage to put these boys in power with the mission of boldly going ahead where no one has gone before.