Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (450441)	1/24/2009 6:17:58 PM
From: Road Walker	Read Replies (1) of 1574002

As for letting everything unwide....why? It will only lead to a lot more pain and its not going to stop us from working on the next bubble. I think growing bubbles is a consequence of free markets and capitalism. No? Ted, this isn't just another recession, an it's not just real estate. Individuals, companies and government have been borrowing way beyond their means as if everything will continue to go up. We've 'stimulated' ourselves out of minor recessions to the point where 'moral risk' (hate that term) has all but disappeared on every level. More stimulation doesn't make the debt go away; in fact in itself increases the debt. Debt is not an abstract, it's real money that has to be repaid with interest. Every penny of the government debt, of corporate debt of personal debt has to be paid back. The debt is the problem, more debt is not the solution. Why let everything unwind? Because it has to.

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