Quote:
Originally Posted by ARG911
Read that lecture, thanks; So, you're saying the FED and US Treasury are more into carpentry, and that they should perhaps be more like a gardener?
"If man is not to do more harm than good in his efforts to improve the social order, he will have to learn that in this, as in all other fields where essential complexity of an organized kind prevails, he cannot acquire the full knowledge which would make mastery of the events possible. He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants. "
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There is growth in the garden in the spring.
The appropriate environment is to curtail both governmental and consumer spending so as to not spend more than you make. Which means a severe economic retraction. Then there is nearly 50 years of deficit spending both public and private. All in the face of a nation that is facing ever increasing global competition including wage competition.
The real.envirnoment is not going to be to your liking. The repo man is going to come and collect everything you have. You can not afford what you already have. It was all.bought on ever expanding credit. Which without the further expansion there of you can not make the payments. You see you were the rube who for the past 50 years has cosigned on those loans.
Since no body wants to face such a harsh reality they live in denial which becomes an ever more absurd fiction while the social stress builds exponentially.