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"The Credit Freeze" [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
gorfle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-26-08 04:53 PM
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"The Credit Freeze"
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Here's something I don't understand.

They keep telling us that we need to bail out Wall Street or "there will be a big credit freeze".

So what?

Isn't this the same thing as telling us that without credit, aka DEBT-FUNDED SPENDING, that our economy will stall?

Isn't this the same thing as telling us that there IS NO REAL WEALTH FOR US TO SPEND so instead we are using debt to buy things?

Maybe it's time for this economy to stop running on CREDIT (debt) and instead run on actual wealth?
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