SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Haim R. Branisteanu who wrote (75246)3/4/2001 3:25:17 PM
From: BigBull  Read Replies (2) of 436258
 
That is in large part true, given the the standard model of the business cycle. However, many national economies are not dealing with that model. They are dealing with the "bubble model". In such cases, loans were made that cannot be paid back due to the faulty "free lunch" assumptions that were made in backing same. Some of these loans can be papered over, but most cannot. When the govt. in question attempts to allow unsound borrowers to repay unsound credits in unsound currency - the result is the Weimar Republic or present day Turkey. Confidence in the political, economic, and social structures evaporate. Hyperinflation. The problem isn't solved it; it is prolonged and made worse. Kinda like the alcoholic who takes another drink to temporarily assuage the pain.

I agree with patron, it is better to take the horse cure, the sooner the better.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News