lavalyn

Bernanke Gives Up on Reverse Auction Idea

143167: unfortunately, that will take more time to fix. As you can probably tell, the US can't just inflate itself back into having real world value. Which cuts into a bigger problem, that the US has lost its ability to "produce stuff" to the likes of China and India, and is now desperately trying to cling to whatever "wealth" it can via technological measures like DRM and legislative measures like copyright/patent law extensions.

The major consumer manufacturing that's done in the US is now itself on the verge of collapse, as Americans are finally moving towards higher fuel efficiency vehicles over ridiculous and unnecessarily gas-guzzling behemoths.