Tuesday, August 16, 2011

What key elements from the Great Depression in the 1930's should we be studying to help Americans today?

I don't claim to be an economic expert but I have had a few graduate course in the subject and I should reference at least one point. You mention that you have difficulty with an a few months emergency funding but that itself is part of the problem. We as Americans do not save enough. I know it sounds cliche but it is more than just saving your money for emergencies, the money you save is money to loan to others and if Americans do not provide that credit then foreigners do.Additionallyy thepoliciess that make it easy forpeoplee with no money to buy a homecompoundss the problem by a removal oftheirr primary motivation to save and therefore create the credit the nations needs.

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