| tim ar - 5/23/2016 19:00
All and all wouldn't you say 8 years after the crash of 2008 looks better that the 8 years after the crash of 1927? no way, no how. Our country was not bankrupt back then. We are today. When there is no conceivable chance or attempt to become solvent, you are technically bankrupt. Think about it; some of our national debt dates back 30 years or more, and has still not been paid off, just keeps accumulating, with trillions more being added every five years. Could maybe, possibly become solvent again in about 50 years if spending was reduced by around 35 percent with zero increases for the entire time. What is the chance of that scenario playing out? Don't know what the national debt was 8 years after crash of 1928, but it couldn't have been squat. |
The death of Keynesianism
