User 132383

How Commodity Prices Are Hurting Global Economies

Excellent point.

I agree that interest rate cuts are only a short-term answer. The real solution lies in public and private support of new technologies and other innovations.

For example, we desperately need to find ways to recycle our resources. Recycling needs to begin with the manufacturing of the product and end of its useful life. There are many new and good jobs to be found in this approach. Europe is already heading in this direction.

Also, there is so much to do in the energy sector - capturing new sources, distribution, more efficient use, etc.

Think of all of these possibilities and then look at how this country is stuck in the mud, thinking that interest rates and the money supply are the silver bullets that will get us out of this mess.