The Declining Dollar: Can It Be Saved? [View article]
I believe both comments above are true in some part, but as per usual have 2 common flaws: sickofthehype: False Statistics bosun: Certainty
sickofthehype: $8T has not been created or spent. And please refrain from finding some article breaking down all the money you claim to have been created or spent, it would be as useful as Nielson Ratings or that cute chart people keep putting out showing this use of money compared to WWII, The Louisiana purchase, etc. With that said a lot is being thrown at this mess, however doing nothing would most likely be more expensive longer term. You could make a good argument not enough has been thrown at it.
That leads to bosun and the good point that the system is broken(which is probably correct) but that it is certainly not fixable is fallible and dangerous. People were certain the world was flat. People were certain the sun orbited the moon, the weatherman is certain about his weather forecast, Chad Johnson used to be certain the Bengals were going to win certain football games. Certainty often leads to failure and surprise. Either way, they will probably continue to try to save this system while perhaps "tweaking" it to become more durable, but if it was simple, it wouldn't be a bad idea to come up with something new(although I'm sure it would get more of its fair share of criticism and challenge.)
The Declining Dollar: Can It Be Saved? [View article]
sickofthehype: False Statistics
bosun: Certainty
sickofthehype: $8T has not been created or spent. And please refrain from finding some article breaking down all the money you claim to have been created or spent, it would be as useful as Nielson Ratings or that cute chart people keep putting out showing this use of money compared to WWII, The Louisiana purchase, etc.
With that said a lot is being thrown at this mess, however doing nothing would most likely be more expensive longer term. You could make a good argument not enough has been thrown at it.
That leads to bosun and the good point that the system is broken(which is probably correct) but that it is certainly not fixable is fallible and dangerous. People were certain the world was flat. People were certain the sun orbited the moon, the weatherman is certain about his weather forecast, Chad Johnson used to be certain the Bengals were going to win certain football games. Certainty often leads to failure and surprise.
Either way, they will probably continue to try to save this system while perhaps "tweaking" it to become more durable, but if it was simple, it wouldn't be a bad idea to come up with something new(although I'm sure it would get more of its fair share of criticism and challenge.)