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This just in...
I'm not an economist and have (at best) a very vague, very fuzzy understanding of what's happening in the money markets these days. I have even less understanding of how it began and who began it. As I don't know precisely what the problem is, I certainly can't address any of the pro's or con's on possible remedies being discussed.
And although I am tempted to give in to my knee-jerk reactionsim by blaming "them" (you know-- everyone who makes more money than me...), I'm just not confident enough to examine and diagnosis with certainty and absolutism something as arcane and as esoteric as macro-economics on a world-wide scale in the very midst of a crisis.
Imagine how intellectually small I must feel when standing next to you, our very own Rhodes Scholars* with Masters degrees in Macro-Economics-- who comprise I believe, about 95% of all posters here today, and who state with an absolute and dogmatic certainty worthy of the most fire-and-brimstone southern pastor, what actually IS.
As for me, I'm forced to put a bit of trust in those people I've already invested a bit of faith into... I know, I know-- I'm just a sheep. But I'm trying, really I am. Just yesterday, I gave an answer that was complete gibberish to a question I didn't fully understand-- just like you!! What's more, I took a cue from our esteemed Rhodes Scholars* on DU and followed the answer up with a quick, "whatever! how can you be so stupid?" that proceeds so many posts today.
I am in awe of you.
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