Re: causes of the depression

The Trucker wrote:
> On Sat, 03 May 2008 20:17:31 -0700, orangatang1 wrote:
> 
<snip>
> 
> BUT BE WARNED!!!!!  The existence of low interest rates cannot make
people
> borrow and spend.  If they are afraid that the rates will go back up or
> that money will again be scarce then they will not borrow and spend.

The psychology of raw consumerism just isn't that sustainable. I
perceive consumption fatigue out there.

 >  A
> Fed chairman said that "It is like pushing a string".  When it gets that
> bad the government must find ways to get people actively involved in the
> economy through infrastructure projects and the like.
> 

I will probably be struck by lightning, but.... higher tax rates
on high incomes would probably provide enough schadenfreude to give
the people on the bottom of the pile something to glow about.

Oh, inverted world....

--
Les Cargill