scfranklin94

Whatever Happened to Bankruptcy?

James - propping up failing businesses only puts off the inevitable. Not that I'm a big fan of his, but Krugman is already calling for the next decade to be like Japan in the 1990's - deflation and economic contraction. So we can either spend money to keep people in make-work jobs with zero economic growth for a decade, or we can either let the market run it's course and try to set ourselves up for the best chance for economic growth.