Quote:
Originally Posted by IllTestYourGirls
Even Big Ben disagrees with you.
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If you are talking Bernake, I think you are correct.
I think the main difference between now and then is that the Fed / Govt have more tools at their disposal than they did in the 30's.
Even so, using the Keynesian playbook that has been in play for a whiles now, it is not clear that they will be able to re-inflate.
There are many economists who argue that more fiscal and monetary stimulus is needed still, as well as more flexibility being put in the hands of the Fed / Govt.
In any event, I'm not so sure it will work, but I can't understand the mindset of those who say "let" it all crash. Perhaps a decade or so ago it would have been easier, but no politician is going to commit suicide by helping the excesses get wrung out that way.
I just don't think the people who say let it all crash now really understand what the world would look like. We may find out anyway, unfortunately.
