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Quote by: Derek Wolff  I don't believe I need to inform you of the current state of the US economy. What possible solutions could there be? I don't want to hear any political mud-slinging or baseless opinions in this debate. I would like to hear informed responses, as this is an important issue that should be treated with logic. Frankly, I have not heard any public discussion on this issue, and I believe it should be said some where. |
Hello all.
I think that historically, healthy economies have had a stable currency, a good savings rate, low taxes--both personal and corporate, a favorable balance of trade and an excellent educational infrastructure with a strong work ethic. In other words we have some problems.
Right now I would say that the number one problem is that the dollar's value is in a free fall and we are doing nothing to support it. I believe that the problem has been long term--massive debt which most other countries think is going to be monetized by our Fed, so they are dumping the greenbacks further depressing the price. The solution to that one I'm afraid is going to be long term and painful.