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Propping up a zombie economy
penguine
Posts: 1,101 Forumite
From an article in Moneyweek:
Recessions happen for a reason. They're nature's way of telling you that you need to change what you're doing because it's not working anymore. Bankruptcies clear the system of all the bad investments that were made during the boom times.
But they're painful. And quantitative easing is the latest attempt by the government to prop up a zombie economy. It'll just extend the pain, and it will make it harder for us to make the changes we need to make to have a more resilient, efficient economy in future.
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Comments
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CertainlyIt'll just extend the pain
Perfectly trueit will make it harder for us to make the changes we need to make to have a more resilient, efficient economy in future.Recessions happen for a reason. They're nature's way of telling you
What ?? :eek:
What has Nature got to do with anything ??'In nature, there are neither rewards nor punishments - there are Consequences.'0
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