NJ5 on 10 July 2009
That doesn't make sense. If people spend all the money, they will not have reduced their debts by that amount... so the root cause for the recession will still be there.
Spending too much and taking on too much debt is what got the US in the mess it's in. What's the main reason to believe it will be any different this time?
People are already saving more money than before. Getting rid of debt and creating savings is what will make people financially healthy enough to consume in the future. At a lower level than they consumed in the past few years.
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