... nation?
School - Can you describe one way the government can become involved in the economic recovery of the
- Posted:
- 3+ months ago by StudentHe...
- Topics:
- school, nation, government, economics, schools, economic
Answers (1)
You have to accept that politicians don't know anything about economics; they firmly believe that all things are subject to their approval. This is not actually a matter of dishonesty. They really believe that they can create prosperity by flooding the world with phony money. Ben Bernanke actually said in public that they would throw money out of a helicopter if they had to. That is not dishonesty, that is criminal stupidity.
The nation will collapse. Symptoms have been showing since WW2. No culture has ever avoided collapse after the symptoms began to show. Another fact is that every use of unbacked paper money in history has brought about a collapse within forty years. The USA is now in the 46th year since Nixon abolished gold backing of the US$, and in the 10th year of a slow noisy collapse counting from the double top in S&P500 in 2007.
An unusual span of warm weather since about 1940 is the only thing propping up the country. One poor harvest would paralyze the nation completely.