Frank and Ernest by Thaves for February 15, 2009
February 14, 2009
February 16, 2009
Transcript:
Ernest says, "Mister buck, the economists who wrote this article are concerned about deflation. What's your opinion?" Deflation Risk Deflation, a sustained drop in the level of prices, poses a risk to economic recovery. During the Great Depression there was a deflationary spiral in which lower prices resulted in lower wages and lower deman which resulted in more price declines... Mister Buck says, "Deflation would be a good thing! Checks won't bounce much!" Frank says, "If mister Buck is put in charge, the next bailout will turn ito a deep-water salvage operation!"
Silverpearl about 15 years ago
Usually when we have a depression someone starts a new war. Since we already have one, what are we to do this time?
shippingtroll about 15 years ago
History teaches us that a war only leads to a recovery when it mobilizes an entire nation to back the war machine. This means that all industries are utilized for production of war materials, from the smallest snaps to largest ships. The increase in recycling, rationing and sacrifice by the civilian public to put raw material into the war machine bring about the innovation and technological development that produces the bump in the economy. Sadly the only sacrifice we are making at home is our friends and family to the death mill of the battlefield, and the financial future of our children and grandchildren.
alife about 15 years ago
What about a war on poverty, illness AND keeping THE world from being killed by “US” <meaning EVERYONE on the planet! Learning How to get along… world, animals, gaps other people:?
RonBerg13 Premium Member about 15 years ago
Hmmm - the last war on poverty left “US” with the highest levels of poverty in our history. Whenever our government tries to eliminate something, we always end up with more of it. As for the world being killed by “US”, I think it will eventually and more likely be China, India, Russia, or combinations thereof, mixed in with a liberal helping of middle east.