Posted by
Carl Schwartz on Sunday, November 09, 2008 12:27:48 PM
Hello, this is my first post, so don't beat me up too hard. All ideas for improvement are accepted.
Bailout of the banks, bailout of the auto industry, bail of New York State/California, so reminiscent of the 1970's. Real wealth cannot be used for all these bailouts, simply the endless printing of money, or 'injecting', which seems to be the phrase of the day today. It is easier to stop deflation, once the inflation and printing press merry-go-round begins, we can wind up right back in 1920's Weimar Germany