List of priorities USA needs to follow before it is too late

[mrstickball]

sethnintendo said:

Kasz216 said:

SamuelRSmith said:

I came in here expecting to read a load of shit, but, instead, found that I agreed with just about every point (note that I only read the opening sentence of each point).

I'm not sure i'd "burn" the fed though.  Just make restrict them so they stop creating bubbles.

As for proportional representation.  I think it would work best on the state level, rather then national.  As the US is still so big it needs various representatives tied to different areas.

I watched a few documentaries on Netflix about the whole crises that happened recently.  They had a guy on one of the documentaries talking about bubbles.  Pretty much he said bubbles are destined because you have the early investors into any given area of the economy then people see how much money the first people are making so everyone jumps in thus causing the bubble.  That is pretty much how the first bubble happened with the Dutch over tulips.  Right before the tulip bubble burst you could sell a rare bulb for price of a home then when it collapsed people couldn't sell the tulip bulbs that they paid outrageous prices for anything.  Same thing pretty much happened to the housing market.  A bunch of people jumped in at the very end that didn't even belong there in the first place.  Took out retarded mortgages because they thought the housing market can only go up.  Then it crashed and they were left with more debt than the house was actually worth.  Sure the Fed, banks, and other involved parties could have done something to prevent the housing bubble but no one wanted to.  The main point I pulled from the documentary is that bubbles are destined to happen due to human nature.

A note about the housing bubble is that the government did incentivize banks to hand out loans to people that couldn't afford them. Look into Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as well as the Community Reinvestment Act of 1995.

Bubbles can indeed be natural, like the .com boom and bust of the late 90's. However, the government can create artificial bubbles by screwing the system up.