Quote:
Originally Posted by Azure
Or the free market economy....if allowed to fluctuate by itself will end up lowering the oil prices(article the other day said it should be expected by the end of the year)....lower the housing prices, and the economy will rebound.
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The current state of the world economy is unprecedented. Free market trends and economic polices of the past (ie. lowering the FED rate to jump start consumer spending) is a pipe dream fix. Oil is never going to average anywhere near $100 again (the most conservative report I've read admitted an 2008 average trading price of $108).
Right wing free market thinking has in essence created this mess by uncontrolled consumption...And now we get to watch the negative effects of such thinking.