Thank you for the articale. Insightful & communicated very well. Made very understandable to the average person (like me).
It kills me that the bailout and all of our other efforts continue to disregard the core of our problems which is the current overvaluation of the economy and the horrible perception that has been created, that debt can be equity. I wish that we as a society could approach this from the perspective that this may be a healthy natural rebalancing of the economic engine and that our current economic model is unhealthy and unsustainable.
It kills me that the bailout and all of our other efforts continue to disregard the core of our problems which is the current overvaluation of the economy and the horrible perception that has been created, that debt can be equity. I wish that we as a society could approach this from the perspective that this may be a healthy natural rebalancing of the economic engine and that our current economic model is unhealthy and unsustainable.