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S.C. Wisconsin | The main take away is our economy runs in cycles. First the economy is moving along with the wealth somewhat distributed, then the unions etc get to powerful and stymie businesses, then we have the supply side economic's along with free market principles along with tax cuts for the wealthy. This moves a lot of capital to the top but takes away from the middle. Then the wealthy people start wild speculating, and the middle class people lose their buying power and rack up debt. This leads to a depression as the speculation bubble burst and the rich have no market for their goods as the middle class has no capital. The big financial institutions will have to bankrupt a from the ashes the cycle starts over. That was my take. | |
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The Crash of 2016
