The US and the federal reserve have responded to European economic crises in the past by pouring trillions into the bottomless Europit. It is likely they'll do that again, which will dilute the value of the dollar to some extent. Perhaps, if they're going to do that, which is highly likely, they should try helping Europe from the bottom up. Give the money to small businesses and individuals, through banks. Do it like Obama did, the one time he followed through on his promises to address the economy in a bottom-up way-- with his "cash for clunkers" program. People would get $4500 for trading in an old car, and the money went to auto companies.
This bottom up approach should be applied to ALL big ticket, multi-billion dollar rescue plans, wherever the money comes from. We've learned that when you give big bucks to big banks it does not help the economy. It simply helps too big to fail companies get bigger. The trick to get the money to the people. Let the banks make modest administration fees and develop new customers. That's the future of saving the world economy. Trust the people.
The Occupy Wall Street movement, with its horizontal democracy, is the solution. It's probably going to take a revolutionary level of change to make the shift from top-down, centralized leadership to the bottom-up, horizontal, decentralized democracy that it's going to take to get us out of this mess we're in.
I am no economist, but this seems like obvious stuff to me. What do you think?
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
4
3
3
