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SquirrelEStuff's avatar

Is the fact that our economy relies on constant growth, or we fall into recession and depression, immoral?

If we dont pass this bail out plan, they say the economy will slow. Why is this a bad thing? I think people need to stop buying things constantly and learn how to be sulf-sufficient and more efficient.

Also, I keep hearing people talk about deregulation of these companies is the reason we got to this point. What about the deregulation and complete lack of oversight to the private institution that puts the money in circulation to make this all possible, the Federal Reserve? Not only is the “Fed” gonna bail out these companies on behalf of taxpayers, the taxpayers must pay interest on this money. How does any of this make sense? Why do we have such a complicated way of doing things that the average person doesn’t understand? Why do we let a private institution decide what the value of our dollar is?

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