Quote:
Originally Posted by Angela Leeds  ... The very economy of the country is based on debt. |
I'd rephrase that as: the economy is based on trust. Right or wrong, until the crisis broke out, the system was working not too bad (unless, as an individual, you indebted yourself too much). I'm pretty confident that somehow, one day, we'll wake up and notice the economy is picking up again. Similar to the crash of 1929. The US got out of that too, and why?
I don't know WHY it worked (will work), though. I'm not an economist, and consider the fact that it worked not too bad simply one of the mysteries of life.
