Hello, Silent Z. So according to your post, we should thank the Fed, because they have been so effective at making sure we don't experience the downturns of the business cycle. To prove this, you show me how bad things were a century ago when recessions used to happen. But what about the S&L Crisis of the 80s, '87, '94, '97, '01-'02, '08-'09? The Fed was in full flower during those recessions/stock market crashes, and they not only were not able to see those coming, but they were unable to stop the mess and the aftermath. Even worse, each of these downturns are getting more amplified each time. Have you ever stopped to ask yourself why? The reason is common sense, Debt and more debt and more debt. Debt is LEVERAGE. Leverage AMPLIFIES. When we paper over recessions with debt, the excess debt is not cleared away, but rather, it is doubled down on. So when the next downturn comes in an economy that is already hyper-leveraged, the consequences are also hyper-leverages, meaning MUCH worse.
When will Americans go get an education, so we can start having a common sense conversation about real solutions. Money printing, more debt, and 0% interest rates do NOT solve anything. Krugman is an idiot and the Democrats have no fucking clue when it comes to how to create real and lasting prosperity for the majority of Americans. |
