Quote:
Originally Posted by dessin d'enfant
Nothing is ever sustainable. Things change and we have to react. GDP and workforce size are at all time highs, sometime in the future they won't be and we'll deal with it then like we always have.
So how will we react the next time we face a 2008 level economic (or even 2000 level) calamity assuming the status quo? You can't really lower interest rates, and you will have a hard time government spending your way out of it with the large national debt and current large annual budget deficit. Print money?
What I am trying to say is that most of the usual techniques for impacting the economy are nearly maxed out and the economy while better has mostly been improved through a combination of maxing those techniques out and consumers being willing to borrow to consume. They can't take their foot even an inch off that gas pedal for fear the economy will collapse which is what the previous poster mentioned wrt interest rates.