This article from Slate does a very decent job at explaining how bad the economic situation is and will most likely remain so for the foreseeable future. Then near the end, the classic Keynesian slip, “That is not to say that there is nothing to be done, of course, or that the current state of affairs is inevitable. More stimulus or more aggressive monetary policy could help the economy, boosting employment and keeping the self-sustaining recovery going. But such measures are unlikely, given Congress’ concern with the debt ceiling and cutting spending [Emphasis mine].” Print more money? Great idea–bring on hyper-inflation!
Sean Dempsey
Sean Dempsey is an author, entrepreneur, and real-estate investor whose writing spans personal finance, psychological horror, and philosophical fiction. He is the author of Financial Cheat Codes: How to Win the Game of Finance as well as the fictional works The Shunt, The Lost Tapes of Doctor Michel Siffre, and Dead Stars Shine Brightest. Drawing upon more than 15 years of experience founding businesses and investing in real estate, Dempsey explores subjects ranging from financial independence and self-sovereignty to human consciousness and the search for meaning. He is also one of the hosts of the podcast 'Metamodernism Uncensored.'
http://dempseyestates.com
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