448 karma · joined January 7, 2011
So I don't see the value in saying that nobody knew. In the same way saying someone didn't know next weeks lottery numbers doesn't make them incompetent or the person who won the lottery a genius (or have some special insight).
If however you hold your currency and everyday its worth more, besides the bare essentials there is barely an incentive to spend it. Also there is no guarantee that the HDTV will become cheaper, however it is guaranteed that a deflationary currency will gain value the more you hold on to it.
NB I'm not disagreeing necessarily with your assessment that it was an abuse of power. I'm just interested in your reasoning.
You say Banks, which part of the Banks? You can't lump the whole Banking system into one group and blame it all. Also the top 1% encompasses much more than these 'greed fuelled' bankers on Wall Street.
Blame the government for that, not Wall Street. Also how much of Apple's 70 billion or so in cash flows through to the economy?
99% of TARP has been repaid already. That's more than you can say about regular people paying back their credit card debts due to limitless spending.
Although it's working for me.