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Next economic question. WHY is debt so prevalent throughout the world today?
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OldMcdonald
Posted 2/24/2015 19:28 (#4411516 - in reply to #4411444)
Subject: RE: Next economic question. WHY is debt so prevalent throughout the world today?


Napanee, Ontario
No, the economic suicide was years of overspending that got us into this mess. At some point you need to take the drugs away from the patient. Printing money is like taking away the marijuana and handing him heroin. What ever happend to letting chips fall where they should lie? Letting banks fail? Letting governments default and force restructuring and budget expenditure overhauls? Nah, let's just do more of the exact same that got us into this mess.



Edited by OldMcdonald 2/24/2015 19:30
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