Why is so much effort being put into propping up
those at the top of the economic pyramid
…when during a period of deflation like the one we are in
any recovery will come only by restoring the confidence of the people
down at the bottom of the pyramid?
What happens when people buy a car
once every 10 years instead of once every two or three
especially now that we taxpayers own such a big percentage
of the American auto industry?
Instead of promising the imminent return of good times
why isn’t Mr Obama talking more about the importance
of living within our means and not spending money we don’t have
on things we don’t need?
Is there to be any limit on bailouts?
Is there no room left
for what the Austrian economist Joseph Schumpeter termed
“creative destruction”?
The Economy Is Still at the Brink
Sandy B Lewis and William D Cohan
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