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As governments around the world keep throwing
money at the "financial crisis/recession,
there is a lot of talk on how we must get
consumers and business borrowing again,
that we must get credit markets "operating
normally" again.
It occurs to me that perhaps operating
normally is not what we need or want. Didn't
normal credit operations, with consumers
and commercials borrowing more than they
could ever pay back get us into this mess
in the first place?
Maybe if we allowed credit to tighten,
and people and businesses had to save up
for things before being able to buy them,
that savings mentality would carry over
to the government - and we could start to
climb out from under the $11 Trillion in
debt we have in the USA (that's about $36,000
per person in the US).
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