|
Ok, I think I understand most of your points guerilla, but I still disagree with most of it. Or in other words I don’t think inflation will get radically out of control to the point where money is useless as a result of this. Maybe I’m wrong, I honestly don’t know, but I think we will be ok 5-10 years from now without having to go through a brutal depression.
The government can afford to sit on these toxic assets, which allows the banks to recover. Then the fed can raise interest rates to combat the inflation and we are basically back to normal. Tax revenue increases because the economy gets better. The new president manages the deficit and imposes new regulations to keep lending responsible.
Honestly I don’t know a whole lot about economics and especially not politics. But I find it hard to believe that the ideologies and theories that existed prior to the great depression are accurate. I guess time will tell though.
|