Question:

Is the economy about to correct itself despite whatever we may do to stop it?

by  |  earlier

0 LIKES UnLike

Propping banks and businesses up with printed currency will lead to inflation. Also, peoples faith in our country will erode, causing us to have to raise interest rates on all the bonds our govt issues, increasing the nat'l debt. So in the end will any pain be averted by bailing out businesses and banks or are we just spreading it around so we all feel the pain, and not the people who made bad decisions? I say if the market is going to adjust trying to stop it is just pushing the problem back a few years and then it comes back even worse. That is what we are seeing. Alan Greenspan tried to bail out the stock market by lowering interest rates to ridiculous levels and holding them there. That caused the housing market to overheat and now the house of cards is beginning to fall. Why couldnt we just be responsible initially, let the investors take their pill and we could have averted this mess?

 Tags:

   Report

3 ANSWERS


  1. Believe in Law of Conservation. Economy will bounce back to normalcy. Believe in ageold and trusted/tested laws. Nothing will happen to matter/energy/wealth/soul/God.


  2. Too many factors working against recovery, inflation, worthless currency, imbalance of trade, lack of planning at the top, threat of war, wars in Iraq and Afghanistan, unhappy workforce.

    Where are the good news?

  3. Takin the skin boat into tuna town!!!!!!!!!!!!!

Question Stats

Latest activity: earlier.
This question has 3 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.