Economic Depression and How to Overcome It

March 30th, 2009

It’s been two weeks since I last seriously read the news; family life having kept me pretty busy; and yesterday I happened to notice that shootings had taken place in several locations.  This led to consideration of the fact that the poor economy most likely was responsible for these murders.  The nursing home murders are especially heinous as it appears that someone thought that our elderly needed to be cleared out so as to cease being a burden on the working class of this country.  If that were the case, then all of us baby boomers would be in physical jeopardy each and every day.  This thinking led me to wonder about the Great Depression of the 30’s, the effects mostly, but escalated into reading about the effects of the depression on countries around the world.  Imagine my shock to discover that Japan was scarcely touched by the depression and in fact, seemed to prosper.

I went to Wikipedia for this information.  It said that Japan countered the Great Depression by evaluation of their dollar and stimulus spending.  Businesses flourished and replaced other countries products as they were so much lower in price.  While in the US families were homeless and hungry and had to depend either on the generosity of strangers or what little they could receive from the government programs.  Why can’t the US do the same thing?  I am not an economist as you can tell and history was never my strong suit at High School.  But it does tend to make me wonder, if they could do it, why couldn’t we?

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