http://www.citizeneconomists.com/blogs/2008/11/28/deflation-and-helicopter-ben-the-us-economy-on-the-line/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Wed, 08 Feb 2012 04:44:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.citizeneconomists.com/blogs/2008/11/28/deflation-and-helicopter-ben-the-us-economy-on-the-line/comment-page-1/#comment-13531 frank cooper Thu, 09 Jul 2009 11:45:15 +0000 http://www.citizeneconomists.com/blogs/?p=1059#comment-13531 i like most ordinary people are befuddled by this array of terms and gobbly gook i understand that if you earn a certain amount and consistently spend more than you earn than eventually your in trouble. the mismanagement of the economy worldwide was extroadinary, leading most people to become debtors,. in australia it was encouraged to borrow spend against assets that would never come down ie. real estate, bricks and mortar. the materialism and sheer greed was incredible all on credit against the never ending increasing value of your house. the stupidity was rampant, especially among those who lent the funds. what we end up with is what we deserve. i like most ordinary people are befuddled by this array of terms and gobbly gook i understand that if you earn a certain amount and consistently spend more than you earn than eventually your in trouble. the mismanagement of the economy worldwide was extroadinary, leading most people to become debtors,. in australia it was encouraged to borrow spend against assets that would never come down ie. real estate, bricks and mortar. the materialism and sheer greed was incredible all on credit against the never ending increasing value of your house. the stupidity was rampant, especially among those who lent the funds. what we end up with is what we deserve.

]]>