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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (36834)	9/9/2009 9:58:23 PM
From: RMF	1 Recommendation Read Replies (1) \| Respond to of 71588

I think they DID learn from the 1930's depression. Bernanke apparently was a something of an expert. His whole idea was to flood the economy with capital and keep the major financial institutions from imploding. That seems to have worked "so far". The difference between THEN and NOW is that now we already had a pretty sizable national debt and then we didn't. They were choosing between a total breakdown of our financial infrastructure (like what happened in Iceland) or the possibility of extraordinary inflation in the not too distant future. They chose the latter....