Nov. 14th, 2008
hasty thoughts on the financial crisis
Nov. 14th, 2008 04:09 pmOne simple answer is for the Fed to raise the hell out of interest rates, while the Treasury department issues greenbacks to prevent a deflationary spiral. This money would be used for budgetary shortfalls and retiring the debt, and further surpluses would be issued as stimulus checks.
The industries that would suffer are FIRE (Finance, Insurance and Real Estate) and Automotive. But they're the ones who have been fucking us over for about 100 years or so. Only fair.
So many other industries would burgeon from the massive surge in purchasing power, there would definitely be enough jobs to make up for the people lost from those areas.
The industries that would suffer are FIRE (Finance, Insurance and Real Estate) and Automotive. But they're the ones who have been fucking us over for about 100 years or so. Only fair.
So many other industries would burgeon from the massive surge in purchasing power, there would definitely be enough jobs to make up for the people lost from those areas.