The theme song for the economy right now should be something like: the theme from Jaws: da-dunt, da-dunt da-dunt, da-dunt. You get the idea...
I love that Bernanke has decided once again to lower interest rates. (Insert sarcastic, sly smile here). I was an economics minor and the first thing they teach you is to let the economy balance itself out. We all remember the supply and demand graph. And yet, we aren't doing that here. Understanding that the US could fall into a SERIOUS depression if we actually did just let the economy balance itself out. It might be just what we need.
Because if you ask me, we have all been making some pretty silly decisions lately:
- Giving loans to people that couldn't afford them
- Racking up crazy amounts of national and personal debt
- Polluting the earth beyond recognition
- Scaring ourselves into believing that a war will somehow make us more secure
It's pretty old school- but it's almost like a life- changing heart attack. We need something to shock us back to reality. Because, where we are with all these safety nets and free passes, is not safe, and certainly not real.
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