Melt Down! By Doug Edelman
The sky is falling! Our economy is collapsing! It's fiscal Armageddon!
Well, that's the perception out there, anyway. And THAT's scary - because when the public is in a panic, the Government feels it has to DO something. And we all know that the most dangerous words you can hear are, «I'm from the Government, and I'm here to help.»
Unfortunately, there is a fundamental disconnect with economic reality which is inherent in Government.
When the economy slows, the first response has been for the Fed to lower interest rates. Great. All that does is encourage the assumption of more debt!
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