Skip to main content

View Diary: Icesave: Today Iceland Learns Whether It Gambled Right On Refusing A Repayment Deal With The British (177 comments)

Comment Preferences

  •  Isn't it a shame that's not an option (0+ / 0-)

    for the U.S.?  Oh, wait....

    if necessary for years; if necessary, alone

    by SouthernLiberalinMD on Tue Jan 29, 2013 at 06:17:40 AM PST

    [ Parent ]

    •  Yea, we haven't been spending it (1+ / 0-)
      Recommended by:
      SouthernLiberalinMD

      in the right place.  You've got to inject cash at the bottom of the economic ladder during a recession, not the top.  That increases demand for a whole range of products that 1. exist and 2. we know how to provide.  Tossing money into the top can increase demand for...what?  The occasional private jet. Expensive electronics manufactured in China or Korea.  And, of course, investment assets.  And when you don't have increased demand for real goods, the only thing you can invest in is the result, purely, of interest seeking behavior, further weakening the bottom by siphoning off capital.

Subscribe or Donate to support Daily Kos.

  • Recommended (148)
  • Community (64)
  • Elections (43)
  • Civil Rights (37)
  • Culture (32)
  • 2016 (32)
  • Baltimore (28)
  • Texas (27)
  • Law (27)
  • Economy (27)
  • Environment (26)
  • Bernie Sanders (26)
  • Hillary Clinton (24)
  • Labor (23)
  • Rescued (21)
  • Barack Obama (20)
  • Health Care (20)
  • Republicans (18)
  • Freddie Gray (17)
  • International (17)
  • Click here for the mobile view of the site