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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/31/2009 : 19:17:20
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/31/2009 : 19:51:43
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| recession then depression. Easy as 1,2,3,4,5- 1. deflation, 2. reflation, 3. stagflation, 4. inflation, 5. hyperinflation |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Transition from crisis to stagflation
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