Quote Originally Posted by wufwugy
We forget (or don't even learn in the first place) that allowing the financial system to collapse was by far the biggest mover in turning a mild recession into the Great Depression.
Your entire post is spot on, but this I agree most with.



The actual problem is, though, that this problem is actually inherent to the financial systems as we have these today.

Every few years this is gonna happen, all the while inflation continues on its course. The phenomenon that very few people can call themselves debt-free and/or do not rely on credit cards really does not help the cause.

Solving the problem with more inflation is not solving the problem. But proponents of any other solutions are called crackpots and generally given the salem-witch-trials treatment. Its sad, really.