Quote:
Originally Posted by IllTestYourGirls
Of course I do. Im not fooled into believing that we live in a lollipop world and Obama farts rainbows. This package will do NOTHING. 1 trillion dollars is not enough to save us. The money we would need to save us would cause us to go into massive hyper inflation. Those are the facts. The fed has printed trillions and trillions and trillions and trillions over the last FEW MONTHS. And it has not slowed the fall.. 1 trillion more is not going to stop us.
We are falling no matter what we do. But If we keep adding trillions on top of trillions we will fall faster into hyper inflation.
|
I look at it this way. A lot of intelligent and well respected economists believe the stimulus is necessary. Many more than those that believe we don't need one. Since I'm not an economist, nor an expert on this kind of stuff, I tend to believe it's best to side with what the experts think.
Sure they could be completely wrong, and sure it could implode in our faces. But in the end, isn't it smarter to take the opinions of the people who have studied and researched this stuff their entire lives?
I'd also add that most of the experts believe that deflation is the big risk, not inflation. Sure we could have inflation down the line, and there are ways to deal with that. But in the short term, if we don't stave off the risk of deflation, we fall into the trap that Japan did last decade.