[quote=CA renter]
If we had spent trillions of dollars on jobs programs (infrastructure, medical technology, energy technology, etc.) instead of spending trillions trying to prop up asset prices, I think we’d be far closer to a **sustainable** recovery.[/quote]
You’re stealing my thoughts again, CAR.
[quote=CA renter]
If we had done this, asset prices might now be at levels where investors and end-users would be moving in with more powerful money (much higher purchasing power) while trying to mitigate some of the damage to the job market during the deflation. [/quote]
Agreed. It would have been a win-win.
[quote=CA renter]
Additionally, we would have had a chance to revamp our crumbling infrastructure and possibly make new discoveries WRT new energy and healthcare innovations that could benefit us for decades or centuries to come. We could have seen long-term benefits if we had invested in technology R&D and infrastructure improvements. [/quote]
Yes. We used to be an innovative country ahead of others. We need to be that again.
[quote=CA renter]
I do not for a moment think that things would go to zero if we had let deflation run its course; at some point, even without govt interference, a floor is formed where prices will attract buyers and investors. [/quote]
You and I are in agreement on this. I am of that belief. I do not think things would have collapsed.
