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re: What is your outlook on the economy?
Posted on 9/12/14 at 12:31 am to wdhalgren
Posted on 9/12/14 at 12:31 am to wdhalgren
quote:There are obvious remedies.
We have ventured far from a sustainable debt model, over many decades. All the excess debt fueled consumption will be followed by a long period of reduced consumption and that will wreak havoc on a consumption based economy
I just hope we settle into them while cost of servicing the Debt remains historically low.
Cure the deficit, and we could inflate as necessary to buy down the debt. Currently that is not an option.
Posted on 9/12/14 at 12:42 am to NC_Tigah
I learned in Econ 2030 that the USA having debt is not a bad thing because we never have to pay it off because the USA won't die like a person will
So we should be good in that category
So we should be good in that category
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