But maybe we should just run out and buy new BMW’s instead.[/quote]
This is exactly what they (FED and fed’s) want. The whole point of all of this is to make cash so painful to hold, that you spend it. That spending will increase sales, increasing jobs, increasing incomes yada yada yada. I know it was just a flippent remark, but it really is true.
Better yet, what they really recomend, is that you buy your BMW’s on credit and minimal downs, and take a vacation, and upgrade your house and have a ‘lets splurge’ Christmas. Your savings will go alot farther, stimulate alot more, with the power of leverage. Plus this way it wont hurt too much cause credit is cheap.
Your flippent, off the cuff remark IS our current national financial plan.
(well, coupled with the fact that it makes our current sXit of of debt easier to carry, so we dont try to do something stupid like pay it off or default out of it.)
