Quote:
Originally Posted by llama64
Maybe I'm just being ignorant but isn't this basic economics? The business cycle and all? Why is the US Government actively trying to stop a natural economic force?
I was watching CNN on Sunday and they were having some discussion over what to do with the Bush Bucks plan. On woman was suggesting everyone should either reduce their credit debt load or put the money in a bank. The other guy was complaining that such a plan would defeat the purpose of the money give-a-way by removing it from the economy.
Given that every tool has been used more or less unsuccessfully over the past decade to stave off this recession, perhaps people should just let it happen.
I dunno... I have a very basic understanding of such things so feel free to rip me a new one  |
It's cheaper and easier to preserve confidence than it is to create it.
Remember that.
Since central bankers around the globe began co-ordinating policy in the early 1990's, global downturns have tended to be increasingly shallower.
In fact, if I'm not mistaken, the last few years were the first time in many a decade that all four corners of the earth were growing simultaneously.
In this instance, we're almost talking ourselves into a recession.
Cowperson