eponymousLTC

It's Ugly Out There. What's Washington Waiting For?

Our financial system does not have a liquidity problem, it has a solvency problem, which is going to correct itself over the next 2-3 years. Exceptionally low interest rates are what got us into this problem in the first place.

Staunch Government Intervention Needed to Avoid Full-Blown Depression

Government revenue shortfalls do not mean a depression is coming, or even a recession, for that matter. It may mean paring down expenditures, but that's a normal part of any business cycle and should be considered healthy.