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Originally Posted by Yakk
Slow growth? Read economic contraction.
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Right now, contraction would very likely prevent more bubbles from bursting. Surly a slow, considered, calm slow down is better for everyone than a sudden, frightening crash.
Quote:
Originally Posted by Yakk
But the basic idea, that money can be used to exchange for goods and services later, requires that somebody out there feels obliged to give goods and services for money.
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You act like the idea is to shut down the economy. It's not. It's a simple slow down. Goods and services will always be necessary and used, but when they're used to a point that people don't have the money today or even 10 years from now to pay it back, it's just artificially inflating an industry.