Quote:
Originally Posted by The Demon
This is either ignorance, blind optimism, or both. We didn't have the various deficits in the 90s that we have now. We didn't have the extreme devaluation of the dollar that we have now. We didn't have the credit/financial crisis that we have now. We didn't have the real estate bubble bursting that we have now. We aren't producing anything. We are expanding the money supply(thanks Obama), and creating artificial demand through various failed stimulus programs and tax incentives. The doomsday scenario is the only logical scenario we have left. Unless this country starts producing more and consuming less, it's going to be over fairly quickly, and then new economic ideals will be created.
|
I am guilty of being an optimist so no argument there. But it comes from the fact that the doomsday scenarios never come true no matter what. Whether it be that gangs or drug lords would take over, or Japan would own all of America, or the world will freeze over.....It never comes true because when you have hundreds of millions people all trying to make a better life for themselves, they end up coming up with solutions and dragging the rest of the world with them. When countries fail, they go out with a whimper, not a bang. If America fails, it will be a slow decline over decades and decades, not some giant implosion.
Not to mention, it's the optimists who are at this very minute creating the technology and the new industries that will give everyone a job again in the coming years, not the people running around saying the world has come to end and there is nothing we can do about it.
Government will always waste money, big business will always rip everyone off. The only thing we can do is make more money. Every decade or so something pops up that makes everyone so much money it covers up all the mistakes. It's the way the system works.