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RE: Civil Unrest and The Economy: Why Everything Is Falling Apart
It wasn't my intent in this post to imply that anything you say here is not the case. My main point is that MBSs were not the thing, they were one small part of a chain of events which go back in time to the beginning of humanity. The decision to focus on 2008 is wholly arbitrary, as is choosing to start anywhere. The point of the article is only that economic realities have societal effects.
Well yeah, there has always been an economic cycle, and there has always been civil unrest in response to economic turmoil.
I guess my point is that looking for a "solution" to that is sort of a fools game. Even if there was no fed and we were back to the specie standard, that would still be the case. Its just the nature of a captialist economy. To quote the noted economic scholar Biggie Smalls "mo money, mo problems"