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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (162020)4/25/2002 9:48:12 AM
From: Oblomov  Read Replies (2) of 436258
 
>>the way out of this mess is re-flation.

If you are a demagogue interested only in short-term economic well-being, then yes.

If long-term economic health is the goal, then the better course would be to let the uneconomic investments be liquidated. This happened to a large extent in the 1930's US, and it happened several times in the 19th century US, to a positive long-term effect.
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