Originally Posted by NW Ponderer
These are important parallels, numan, and more relevant to the overall question. The error, of course, is that in 2008 we have had the experience of a Great Depression and have some idea what caused it and how to respond.

There are many aspects of the present situation which are unprecedented and unique. Do we know how to respond to them? Up to now, apparently not.

Originally Posted by NW Ponderer
Are the worst actors chastened? I doubt it, but I am hopeful that the worst actions can be countered.

The vampires who run the system are prepared to make profits out of any economic situation, good or bad ---- whether the rest of us are turned into hamburger meat or not. Countered by whom? The vampires who make the laws?

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