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

To: Mary Cluney who wrote (125610)	11/27/2009 10:48:03 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 543206

Mary; Suppose you lived high on the hog and wasted all your money. The bubble bursts and now you are deeply in debt. Your fear losing your job and you are a paycheck away from losing home. You are struggling and juggling to put food on the table for your family. What to do? Re-evalute your life and values. Draw up a new playbook. You have two options: 1. Tighten your belt. or 2. Go deeper into debt. Restructure your loans. 1 is the Austrian approach and 2 is the Keynesian approach. After saying this you really think that going deeper in debt - the exact thing that created the problem - is the answer? Austrians tell you how to stay out of the problem in the first place - Keynesians address the problem after you have ignored the Wisdom of the Austrians. Think of them this way; one is taking your vitamin C and staying healthy so you don't get sick - the other is taking cold relief medicines after you already have come down with the flu or cold. steve