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A Recession

  • 09-12-2011 9:03am
    #1
    timmy_mallet
    Closed Accounts Posts: 1,165 ✭✭✭


    Why are the EU leaders terrified of recessions and determined to continue this charade? Greenspan was similar - he'd do anything not to let one happen.

    But recessions, while painful, are neccessary - to clean out all the bad money and start again.

    The policies of the last 10 - 20 years, which have aimed to prevent even mild recessions, have led us into this Depression. Money printing at 1% is pointless, it's just prlonging the inevitable. Look what happened with the Fed's Quantitive Easing, nothing. More unemployment, less consumer spending, lower markets, downgrading.


Comments

  • #2
    Crazy Horse 6
    Closed Accounts Posts: 2,474 ✭✭✭Crazy Horse 6


    They are enemies of capitalism. Let the banks fail and lets get on with it.


  • #3
    uncle_sam_ie
    Registered Users, Registered Users 2 Posts: 3,191 ✭✭✭uncle_sam_ie


    Recession? It's a Depression.


  • #4
    hmmm
    Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭hmmm


    Because they're politicians, and politicians find it much harder to get re-elected when their constituents are unhappy.


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