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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (108665)	4/13/2009 5:34:01 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 541025

<<<If, if, if, and if! There have been real economic powers who have had their currencies ruined by reckless printing of money in the past.>>> I think I can safely say that all economists understand the dangers of runaway inflation. But, I don't think economists are now worried about inflation. I agree though we should be on guard. What we have now is a recession - a deep recession. Officially the rate of unemployment is 8 1/2 percent but most people think the numbers are higher than that because officially the numbers come from where people have recently lost jobs and are seeking jobs. Those without jobs for extended periods or doing part time work are not counted. Even though there are signs that the economy may have stopped from free fall the decline continues. However, historically we have had such conditions in previous depressions where we temporarily stop from a free fall but later resume a free fall state. The bottom line is that there is a lot of suffering going on. Millions of people are losing jobs. When unemployment and healthcare ends they lose their homes. It is not realistic that we stand by and do nothing while these people suffer. What is so wrong that government comes in to stimulate the economy so that these people can get back on their feet. It works like this: Most of these people can't get back on their feet on their own. The best they could do is borrow money to stay alive and live in perpetual poverty. What is so wrong with government stepping in to help fund the building of a business, a road, a bridge, a school system, or a health care system so that some of these people could be saved. They could be employed and pay taxes. It is very difficult for most of these unemployed people to build their own bridge or factory. For anybody to get into business they need to borrow a lot of money. Most economies are built based on money flowing around and with a lot of borrowing. Yes people go into debt to get out of debt.