[quote=sdrealtor]Banks should crash due to irresponsible lending. Municipalities should be propped up forever despite fiscal élan[/quote]
I’ve always said that they should let it ALL crash — municipalities, pension funds, wealthy “investors,” etc. That’s because the purchasing power for workers would remain fairly stable if prices were allowed to go down with wages. IMHO, prices would have crashed faster and further than wages because prices were more artificially inflated than wages, and this would have helped reverse the trend in wealth/income disparities of the past 10-30 years.
As it stands, they’ve realy screwed us over by propping up asset prices without any concurrent increase in wages.
