We've all noticed the Great Depression Two prognasticators on every street corner, on radio shows and at the checkout counters. For some reason, most forecasts are negative. People talk of hoarding essentials, cutting back on their activities, America disappearing, famine, pestilence, and the sun turning to ice. Why doesn't anyone say that we'll all be better off after the corrections in the market place?
The guvmint, that's why! They caused this "apparent setback"* by pushing banks to make risky loans. Now they tell us that only they can save us, and the situation might become a catastrophe. So they mess up the system with trillions of el cheapo dollars made of recycled paper and ink that's still wet. Now instead of coming out of the downturn within 12 - 18 months, as usual in a recession, we might have soup lines foreverrrrrrr.
The economist John Maynard Keynes answered when asked what happens in the long run if we try to spend our way out of a depression: "In the long run we'll all be dead."
"I's regusted."**
*Brother Dave Gardner
**Kingfish on Amos and Andy
It's all so simple.
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