Having “the economy correct itself” means plunging the country into a depression, with starvation, loss of US leadership in a number of areas, and so forth. Obama has helped stabilize the economy to avoid that. Common sense? At what cost?
Hyperinflation: “Definitions used vary from the International Accounting Standards Board´s a cumulative inflation rate over three years approaching 100% (26% per annum compounded for three years in a row) to Cagan´s (1956) “inflation exceeding 50% a month.” [2] As a rule of thumb, normal monthly and annual low inflation and deflation are reported per month, while under hyperinflation the general price level could rise by 5 or 10% or even much more every day.” We are LIGHT YEARS away from such a thing. It’s nonsense.
The Bible is your source on modern economic theory? But you seem to be willing to abandon the poor and sick. What would Jesus say?
disgusted:
Having “the economy correct itself” means plunging the country into a depression, with starvation, loss of US leadership in a number of areas, and so forth. Obama has helped stabilize the economy to avoid that. Common sense? At what cost? Hyperinflation: “Definitions used vary from the International Accounting Standards Board´s a cumulative inflation rate over three years approaching 100% (26% per annum compounded for three years in a row) to Cagan´s (1956) “inflation exceeding 50% a month.” [2] As a rule of thumb, normal monthly and annual low inflation and deflation are reported per month, while under hyperinflation the general price level could rise by 5 or 10% or even much more every day.” We are LIGHT YEARS away from such a thing. It’s nonsense. The Bible is your source on modern economic theory? But you seem to be willing to abandon the poor and sick. What would Jesus say?