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Of course, any money that USians put into savings will also take money off the table, exacerbating the problems. But it would have positive benefits as well, so it won't be pushed.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Tue Jul 29th, 2008 at 08:34:27 AM EST
[ Parent ]
yup, that would be like a general strike of consumerism, which might precipitate serious change.

besides, that money 'on the table' is flooding up, not trickling down.

'trickle down', is there any phrase so nakedly condescending in the language?
the obvious outcome of this will be to save in other ways, perhaps creating subeconomies, based on untaxable scrip, instead of trusting in (failing) banks.

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Tue Jul 29th, 2008 at 05:35:52 PM EST
[ Parent ]

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