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Tax will eventually have to go up and it may have adverse effects. Unemployment is a function of money supply. When the money supply deflates, people cannot possibly be employed at levels that allow them to earn the monetary bubble level incomes. Google for "unemployment kondratieff wave" to see another way to look at ...more
Loans to inspire markets??? It is like trying to get sober by drinking more. The market is going to crash not because of what we are doing today. But because of what we have done for the last 70 years. Google for "Are we in Kondratieff Winter" to understand why. An entire nation cannot borrow for decades, then hope tha...more
There is no demand for loans. We ran out of credit worthy borrowers. Credit has to expand exponentially more for the economy to function smoothly. In a limited world it won't happen forever. It is deflating now. Google for "DEFLATIONARY CRASH" to understand why inflation does not happen despite Bernanke's printing pres...more
12/21/2011
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