Thursday, February 5, 2009

Ergo failure

My limited knowledge and incomplete logic doesn't tell me whether the trillion-dollar bailouts will lead to hyperinflation. I just don't know the details of how it is financed and distributed. I find it hard to believe that a government with $10 trillion in debt could find creditors willing to lend another trillion... but without raising taxes or cutting spending, where will that money come from?

I think I've wasted too much time already trying to make sense of our dysfunctional economic system and its handmaidens. When I have a nonzero income, I'll be able to make financial/economic choices, but for now I'll stick with my employment, language, and technical projects.

No comments: