Will the election of Senator Brown end the United States recession by throwing the Federal government into gridlock? Sounds logical to me. In fact, it could be a solution to a great many problems. Yesterday, I saw a Democrat senator on the television vehemently saying that you can't shut down the government (by which he meant the legislature) for even a day. Ignoring all those recesses during which the republic manages to survive, there is a certain logic in the Senator's opinion. If that happened, people might notice that they can get along without the government incessantly passing laws, spending money like it was water, and micromanaging people's lives.
Then where would we be–aside from freer, wealthier and happier?
2 comments:
The scariest part is the prospect of 1970s style inflation, but at least we know it's coming.
One indicator of the recession going away will be a drop in the stock market, business people will start to pull their money out to put it back to work and start hiring.
The uncertainty mentioned in the article has been the biggest holdup so far, even if anyone knew where Big O and his SuperSoviet Pals were planning to boost the heck out of taxes, plans could have been made to work around it.
Without knowing what the Washington crowd is going to do there's really only been one place to put money and that's been the market.
There is an upside to hyper inflation, at least there is if you have some liquid cash, certificate of deposit rates will be pretty darn attractive for a while.
"people might notice that they can get along with the government"
I'm guessing you meant "without".
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