EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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It's easy. The economy is depressed because everyone tries to cut spending. But everyone's income is some one else's spending, so when everyone is trying to save, everyone's income falls, making it harder to pay off debt. They call it "debt deflation".
In this situation someone has to start spending. And it has to be the government -- nobody else will.
yes but it is artificial spending or mal investment like the recent housing bubble. What we want is people spending there own hard earned money in sustainable ways that improve their standard of living not liberal bubble spending that must cause a recession or depression like the current housing depression when the spending is withdrawn. Making sense now?
you want a bubble to correct the previous bubble! Got it now??
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