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(The Year 2012 In Review)
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|User Info||What, You Mean It Works?; entered at 2012-06-07 06:40:26|
Burya said: |
It is perfectly okay for wages to drop so long as prices drop faster. The important thing about a pile of money is how much stuff it can buy.BINGO! There are two things about money, what can you buy with it, and; will it hold its relative value.
I work with a lot of economists and they are all Keynesian clowns who say that the government has to spend during a recession or things will get worse. They look at me like I fell off of a turnip truck when I say "and getting worse would be a good thing. It would get the dead wood out of the system and we could have a recovery."