Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Is there anything we can do to stop the hemorrhaging of our US economy?
It seems with credit being tightened so mightily so that the consumer can't get a loan without having a nearly perfect credit score; and with wages not keeping pace with inflation; and with the price of necessities like food, shelter and fuel rising at extreme rates; is there anything we can do to stop this death spiral?
1 Answer
- SDDLv 71 decade agoFavorite Answer
Sure, you can stop doing what the Federal Reserve has been doing the last seven years -- i.e. creating money a lot faster than real economic growth. economic contractions are all about deleveraging. It's a necessary phase that economies go through periodically (last real one was early 90s). What the Fed is doing (and you're implicitly asking for) is to treat a hangover with another round of drinks.
