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Reply #1: Certainty is crucial to economic recovery
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Hawkowl
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Sun Dec-12-10 02:34 PM
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1. Certainty is crucial to economic recovery |
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There have been several studies that point directly to such social certainty as one of the main reasons countries like Germany and Canada seem to be recovering much quicker than the US. People do not worry about being bankrupted by medical expenses or losing unemployment benefits, thus they are free to spend, while US citizens have to hoard their spare change like paranoid squirrels hoarding nuts during winter. We CAN'T spend because we must rely on our savings during inevitable hard times.
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