Undismalization: Do Something. Now. »
Posted By haywardwc 6 months, 2 weeks ago in NewsI’ve touched before on the issue of what I think, ultimately, will propel us out of The Great Recession. But I’d like to expand upon it a little more now. On the one hand I agree with those economists who have acknowledged that such measures as bank bailouts and the stimulus package have been essential to preventing a crisis from becoming a calamity, as well as those who have asserted that there is already evidence that these measures have succeeded in slowing the downturn and bringing us close to a bottom -- if, in fact, we aren’t there already.
But, on the other hand, I also believe that, in the final analysis, it isn’t really going to matter all that much what government does. Government interventions may jump-start the beginning of the next up cycle, but they won’t be the primary factor or “first cause.”
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