I think a deep recession will be good for society.

[StageLeft]

Originally posted by: TheSlamma

Originally posted by: Special K
It may reground them for a short period of time, but people in general have very short memories. Eventually we will probably move back toward deregulation, easy credit, and living far beyond our means. The bubble will eventually pop, and the process will start all over again.

Couldn't agree more with this statement. Not that I wish it was so, but it's reality.

Again, I believe some are capable of learning. I have learned things to rectify how I used to see money. Apparently our grand parents were well impressed with the lessons of the great depression. In some cases that carried onto their kids but in many cases it didn't. The hubris of those alive now who've not seen the depression leads them to think it's a historical soundbite and of little application to them, which is why so many generations have to learn things anew and have the lesson beaten into them.

A little hardship can go a long way if it's of the right kind and the audience is captive. I was unemployed for half a year in 2001 and it has paid huge dividends since, it has completely changed my outlook on money and the assumed-given of continual employment. Looking back, it absolutely was a positive experience. I learned it very early in life, which I'm glad for, because it was before it really mattered (no kids, mortgage, car payments at the time).

 

[1prophet]

STAIRWAY TO RETAIL HEAVEN


There's a lady who's sure
All that glitters is gold
And she's buying a stairway to heaven

When she gets there she knows
If the stores are all closed
With a word she can get what she came for

Ooh, ooh, ooh, ooh, ooh
And she's buying a stairway to heaven

Led Zeppelin ? Stairway to Heaven