So common that those incapable of thinking rationally or reasoned cases,resort to irrelevancy and trivia.
So now we all know,anyone involved in juniors is incapable of economic reasoning.Hmm.
Most thinking people enjoy reasoned discussion and robust discussion.Righly so.
But childlike self indulgence accomplishes nothing constructive,that I can see.
A couple of hours economic study a day will give most a guide to what is happening and why.Resort to basic classical economic theory gives you the patterns that must occur,just the details vary.Debt accumulation must lead at some stage to a reaction,assett decline and reduced expenditure.The longer a process is in excess,the greater the reaction.Fairly simple stuff.What applies to a man,applies equally to men.(Look up Von Misses)
Are things bad?Just one thought here.To fund the unfunded aspects of the USA budget-to cover superannuation due,medical care and medicine costs,would require,all other things being unchanged,a 68% increase in USA taxes.Fact.
No matter how you alter the basis of the USA budgets foreseeable,huge changes are needed.(Richard Fisher,May 28,2008.He is on the Federal Open Market Committee.Fed Reserve.)That statistic has been available 7 years now.
