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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lokness who wrote (63430)4/21/2009 7:51:57 PM
From: lorne1 Recommendation  Read Replies (2) | Respond to of 224741
 
Steve...."Will it work? I haven't a clue - but you and every one else better hope it does!"....

Good post..

Well I sure hope it does work..I have already lost a large amount of retirement investments.

I just don't understand how spending, printing and increasing debt by massive amounts will solve this problem.

I sure don't have the answer I only have doubts this spending will accomplish what it is intended to do....I hope it does.

I tend to think that trade with other countries is what is most important but see little movement in this direction.



To: Steve Lokness who wrote (63430)4/22/2009 10:40:08 AM
From: SGJ1 Recommendation  Read Replies (1) | Respond to of 224741
 
If you know Austrian School economics theory, you think of this time as deflation.

I am familiar with the Austrian School. However, the numbers say a period of inflation is underway. A drop in housing prices is not deflation.