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[quote=Anonymous][quote=Anonymous]Everybody with any brains knows that the economy is on the edge of a cliff and that an "event" is going to occur.  we are biding time and treading water with borrowing and money printing.  Where we are heading is not going to be pleasant ranging between a horrible crisis with $5000 gold or a decades long miserable but tolerable situation.  Obama is not helping at all, just making it worse.  We need togh medicine that nobody will be able to impliment until panic occurs.[/quote]Or perhaps the cliff we avoided going over by TARP and the auto bailout is still there because we never really spent enough to get away from it, and we may yet go over it if the cutters have their way.  Economics is a "science" of hit or miss, in which we have no consistent criteria for what constitutes either a hit of a miss, so we never agree on what to do next.

Remember that what got us out of the Great Depression was all the money we spent on World War II, money that bought things that were then blown up.  The world economy is basically one big Ponzi scheme, but the right is unwilling to recognize it because they have a small business mentality.

And if you think I know nothing about economics, you're right.  But at least I admit it.[/quote]

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