Can America Save the World Economy?

Discussion in 'Politics & Religion' started by Bohol, Sep 24, 2009.

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  1. #1
    An interesting question posted by the editors of New York Times on today's edition.

    If Americans don’t start buying a lot of stuff again, can the world economy be saved? -details
     
    Bohol, Sep 24, 2009 IP
  2. aaron_nimocks

    aaron_nimocks Im kind of a big deal Staff

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    #2
    I thought we were buying stuff.
     
    aaron_nimocks, Sep 24, 2009 IP
  3. earlpearl

    earlpearl Well-Known Member

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    #3
    Wow, a combination of overspending connected to extreme borrowing is the root economic reason for the global economic crisis. The epicenter was right in the US.

    The US needs to correct its borrowing and spending habits and start growing its productive and selling sectors again.

    Get the Chinese, Indians, and Japanese to start spending.
     
    earlpearl, Sep 26, 2009 IP
  4. abinowbhat

    abinowbhat Peon

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    #4
    One should not depend only on America. Target European countries, Asian countries like China which is emerging as a big hub.
     
    abinowbhat, Sep 26, 2009 IP
  5. Jackuul

    Jackuul Well-Known Member

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    #5
    Short answer without policy changes that work? No.

    Long answer without using Austrian Economics? Nooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
    ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo.
     
    Jackuul, Sep 26, 2009 IP