- Banned
- #461
Private sources crashed our economy. The government failed to regulate the financial sector properly. Runaway greed and criminality amongst the financial sector players doomed our economy necessitating a bailout by the gov. in the trillions.The Dow is at 16000 because a corrupt and inept government has made the stock market the ONLY hedge most Americans have against runaway inflation--inflation that the government tries to hide by keeping interest rates artificially low and flat out lies about when it says runaway government spending is not creating negative inflationary pressures. Greece is the country that is currently experiencing the worst economy among developed countries in the world. But its stock market is doing just fine for the same reason ours is.
Greece's economy is nothing like the US economy. The US is monetarily sovereign. Greece, as a member of the Euro-nations, is not.
Greece's federal government must live within means set by the Euro. The US federal government has no means to live within. The only boundary to the government's ability to pay any bill on demand is that of inflation. And the US has been flirting more with deflation over the past few years...no COLAs, remember?
" The US federal government has no means to live within."..
I'm wondering how you do not see a problem with that.
No, that's why I typed it. The only limitation to a monetarily sovereign gov.'s ability to spend is inflationary concerns.