[cobra de capell]

Right on Ron - basically, the government has taken over a huge part of the economy and we all know what happens when the government is directly involved in production activities. This isn't a bank issue or problem, it's a government issue and problem - no bailout would have been the better course of action.

Study up on Mussolini, who tried this before...


"In actual fact, it is the State, i.e. the taxpayer, who has become responsible to private enterprise. In Fascist Italy the State pays for the blunders of private enterprise. As long as business was good, profit remained to private initiative. When the depression came, the Government added the loss to the tax-payer's burden. Profit is private and individual. Loss is public and social."

-Under the Axe of Fascism, by Gaetano Salvemini, p. 416


By the way, Deflation's great if you have cash and no debts (That's me). One of the nice side effects of inflation is a fixed mortgage becomes easier with time. Incomes rise with inflation, but the fixed mortgage stays the same. With deflation it's the opposite.

My dollars will be worth less, but will buy more if deflation continues.