Friday, May 1, 2015

Put the economic crisis in perspective

Put the economic crisis in perspective:

The government has been using stimulus to thwart a recession since I was 13.

I'm 27 now. They've been pushing off a recession for over half of my lifetime.

By pushing off the recession with stimulus, they make the inevitable correction even worse.

What if we had one bad recession in 2001 and then that was it? What if we all had to toughen it out for one bad year when the economy was much stronger?

What happens now that the crisis is still forthcoming and people don't have the incomes and savings to brace for it?

Imagine if all of the people who went to college from 2001 to 2015 -- including myself -- had to make decisions to go to school based upon real price sensitivity, based upon what they could actually afford, versus enrolling in federal student loan programs? How financial freer would those people be?

The solution is to drastically cut spending, preferably Ron Paul 2012 presidential platform style by $1 trillion, end local, state, and federal bureaucracies, drastically lower taxes (no regressive flat tax, conservatives), and end the American Empire overseas and at home. Oh, and of course, End the Fed.

There's also other things that could be done but that's for another blog post. But for starters, we could legalize capitalism.

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