Would another Great Depression Be Better?

Originally Posted by mrhappy333

At some point someone is going to have to pay the bill. We cannot keep spending spending spending and think good things will happen.

For just about every other country in the world, I would agree. The problem is that America has circumnavigated the worth of the dollar by simply printing more. They've also prevented hyperinflation somehow.

Simple fact of the matter: There really doesn't seem to be any negative repercussion to declaring the national debt null and void (that the gov't wouldn't just pass an immediate law to stymie), and the Gov't has been acting like it for the last 16 years with no end in sight.

03-30-2009 07:14 PM #1
Ragnar4 View Profile View Forum Posts Private Message View Blog Entries Join Date Sep 2005 Posts 3,184 Location Billings, Montana	Originally Posted by mrhappy333 At some point someone is going to have to pay the bill. We cannot keep spending spending spending and think good things will happen. For just about every other country in the world, I would agree. The problem is that America has circumnavigated the worth of the dollar by simply printing more. They've also prevented hyperinflation somehow. Simple fact of the matter: There really doesn't seem to be any negative repercussion to declaring the national debt null and void (that the gov't wouldn't just pass an immediate law to stymie), and the Gov't has been acting like it for the last 16 years with no end in sight.
	The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes
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Would another Great Depression Be Better?

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