max monday, page-59

Has anyone noticed the US grass roots calling for reductions in debt? Who couldn't notice.

The double dip in 1937 was arguably because of the reduction in stimulus.

Now I am not convinced of that reasoning but that is exactly where the US is heading.

How do they handle the population calling for deficit reduction and at the same time handle the contraction in the economy.

So regardless of intent, the cycles will prevail since human nature is unchangeable.