The Current Economy: Sucks
Surprising that there is nothing here yet so I'll kick it off. The economy sucks because we finally found the last sucker to buy an overpriced home, and once there weren't any suckers left there was nowhere for home prices to go but down. Combine falling home prices with interest rate increases on adjustable rate mortgages, and suddenly people can't pay their mortgage. This is what started the downward spiral of our economy.
An Economy without Bubbles: Better Alternative
Maybe it's not possible, but if we could just avoid "bubbles" then we could avoid the bursting of the bubbles, and all the negative effects that come along with bursting bubbles.
Written by Noel from San Diego at 2008-10-26 19:32:20