The problem has gotten way better. The $700 billion stopped the exponential rise in the libor rate, and brought it back to historical norms. The money market insurance that the fed issued stopped society from total collapse in November. I fully anticipate that the $800 billion in spending will also have a positive effect. Why did world war II stop the great depression? Because it involved massive government control over the economy, massive infrastructure spend funded...
3/2/09 at 8:05am
- will burn in the Fiery Pit of Hell.