One who intends to leave others better off for his having existed.

11/13/09

What would most likely happen if the governments of the world allowed the global economy to organically “self correct,” by removing monetary and fiscal interventions instituted in 2008 and 2009?

Out of intense complexities, intense simplicities emerge.


 


Winston Churchill


 


If many underfunded business and public pension plans would experience severe distress, and governmental tax revenues would fall further, and corporate and municipal credit events would accelerate, while business failures, unemployment, and foreclosures spike again, could currency inflation and government subsidies forestall economic pain as long as most don’t understand the long-term consequences, until they do?

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