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To: ThePythonicCow
Anyone controlling large amounts of assets is starting to hoard that money, rather than engaging in routine business transactions, for fear the other guy won't be good for it.

The only way to solve that problem long term (for more than maybe five years) is to deflate assets so their claimed values approach their actual worth.

16 posted on 09/24/2008 9:02:32 PM PDT by supercat
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To: supercat
Long term, yes, deflate assets, or inflate money.

But what about the immediate problem of the monetary system that nearly froze last week, and remains at risk of such?

17 posted on 09/24/2008 9:20:37 PM PDT by ThePythonicCow (By their false faith in Man as God, the left would destroy us. They call this faith change.)
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