7 ms·
Why is pushing everyone into recession not a good way of doing it? Recessions are healthy for the economy. We need double digit interest rates for ~5-10 years t
by gndk 3y ago
Why is pushing everyone into recession not a good way of doing it? Recessions are healthy for the economy. We need double digit interest rates for ~5-10 years to clean up the past mismanagement. The longer we delay this, the more painful it will be, peaking at massive civil unrest.
- boppo1 3y agoWe can't afford the payments on the debt. We're basically backed into a corner unless we innovate like we did in the early 1900s again.