Quote:
Originally Posted by Stardrifter_WA
I have no idea what the state of politics are, not a flaming clue, and I doubt many really do, unless they are an economist,
Cheers Peter  |
Most mainstream economists don't have a clue either (IMO). They think the debt problem can be solved with more debt. This will drag out the pain for decades instead of getting rid of the debt (pay off or default) and doing a few tough years now.
The greatest danger of dragging out the problem is the creation of a socioeconomic environment conducive to extreme views, as evidenced by the rise of extreme nationalistic groups such as Golden Dawn.