Personal Responsibility and the Housing Bubble [View article]
Breakdown of personal responsibility, maybe as voters. Americans have acted as they should. As inflation erodes the value of their currency they spend and borrow quickly, notice when deflation occurs immediately they begin to save. It is government spending and borrowing that is the problem, devaluing the currency. Maybe the media is to blame by not presenting more Libertarian viewpoints. Say between 2% and 5% of the time, which would be about what Libertarians get in a national election.
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Breakdown of personal responsibility, maybe as voters. Americans have acted as they should. As inflation erodes the value of their currency they spend and borrow quickly, notice when deflation occurs immediately they begin to save. It is government spending and borrowing that is the problem, devaluing the currency. Maybe the media is to blame by not presenting more Libertarian viewpoints. Say between 2% and 5% of the time, which would be about what Libertarians get in a national election.
Jan 04 18:54 pm
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