Science Forums 2

[charles brough]

Moadib,

That is good economic theory. When we recover from the financial collapse and the long deflation that would result, as well as the crime, rioting, hunger---not to mention the collapse of the world economy---we would have corrected our economic system so it would be efficient again and could climb out of the depression some five years or so from now to bring real growth rather than just credit growth and debt-pile up. I suspect the political situation would change drastically during that time and re-shape the results differently, however.

I don't know what we "should" do because it all depends upon your goals. The goal both conservatives and liberals are reaching for now is to stop the collapse fast at what ever the cost in the future. With that goal in mind, I think they are all doing the right thing and that it will work much sooner than most everyone anticipates.