Home › Forums › Housing › “There’s no housing bubble . . .” – Ben Bernanke, 10/27/2005 › Our consumption society it
Our consumption society it tapped out. Printing money to keep it going is reckless. We need leadership to prioritize the sacrifices we need to make.
http://www.pbs.org/newshour/bb/business/july-dec07/money_11-08.html
STEVEN PEARLSTEIN: “These things have intermingling effects, but they are all a symptom of the fact that we have to take a decline in our standard of living, as Ken said, in order to pay back all this money that we have borrowed.”
