November 16, 2008
– Comments (2)
...What the consumer needs [is] job security and a pay-raise, not more debt.
Mike whitney explains it all:
Paulson the Bungler
Nice article thanks for the link. I agree with the last lines. Dismantle the Fed and put us back on the gold/metals standard.
What the consumer needs is a collapse of the housing market. If property values disappear, there will be no need to use mortgages, and the state of the credit markets will become irrelevant. By making houses cost between 50K and 100K, we would send rents to zero and free up all our housing spending for other purposes.