Sardauk said:
Well it is obvious... it would go faster... Tons of people who loose their jobs would only cripple more the consumption ... and more business... and more people...etc
I understand it is not only about saving the failing entities but rather preventing the other from failing as well. Like a domino.
No ? I believe it is especially true in the USA, where consumption is the driver of the market. |
What would go faster? The recovery? Not hardly.
Like an example already given, in 1921 we had the worst econimic callapse in history and by letting the market fix itself it lasted a year. Less than a decade later the government suddenly thinks they must be involved which makes that recovery take almost 2 decades and required a war for economic stimulus.
I stated it earlier that if we had let the makret work itself out that we'd already be in recovery but instead we have talks of another bailout package, more power for the Federal Reserve and now mortgage buyouts.
The rEVOLution is not being televised
