reply to post by ProfEmeritus
Politics and economics do not mix.
Then again, most economic policies are highly complex, and are never actually revealed to the public..
For instance, had the government advised us we are on the verge of complete economic melt down, the single worst economic depression in human memory..
Well that might cause panic, with panic typically comes irrational choices, and with irrationality coupled with chaos and someone to blame, people
die.
Yes. The situation is that bad. They throw big numbers around and we are numb to the effects.
If 3 years ago I would have told ats "the economy will see a point in time where the Government will take ownership shares of banks, and prop up the
largest economy in the world, as well as key international central banks with 4.616 TRILLION dollars.."
Someone would have said "hoax".
An economist would have said "impossible".
The news would have bleeped me out and laughed at me.
And the intellectuals would have said that if said event where to arise it would arise only in the midst of the single worst economic disaster in
known memory. Surely impossible.
While we struggle to print enough (.. we are not printing this money.. more like .. copy and pasting zeros on a screen) .. money to cover the money
that's not actually there . . the public is told dumbed down stories "oh those pesky mortgages.." In which a mortgage default wave is only a side
effect, not a cause.
You cannot throw money at a problem and assume your worries are done.. it's like setting up sand bags for a tidal wave.. eventually it WILL hit.. and
it will take everything out with it.. Unless those sand bags are used to fortify a single high hill with a few select people. If you get my drift.
The Government will blind fold us, while they situate the economy and the government to best be able to handle the crisis when it really deepens.. to
allow chaos to develop instantaneously you risk everything.. to warm into chaos gradually, the entire country can be at that stage and be none the
wiser.