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The Crash of 2008 was largely the result of reckless, foolish investment of foreign money accumulated in US dollars represented by US trade deficits since 1971.
Glenn Beck puts the Obama fiscal deficits into perspective.
However, the Crash of 2008 also created the political window that brought Barack Obama into the Presidency of the United States.
With Obama came a regime of deficit spending and fear that he would immitate Robert Mugabe and turn the United States into Zimbabwe.
This blog has many articles discussing the US fiscal deficit and inflation, including the feature page, “How to survive runaway inflation”.
Articles on the fiscal deficit
There are over two dozen articles on this blog that touch on the US fiscal deficit that can be found through these categories and tags:
- US fiscal deficit
The US Congress is a horrible beast with tentacles of Greed and Irresponsibility that suck the life from the US economy.
- Central bank
- Ben Bernanke
- Timothy Geithner
- Currencies
- Gold standard
- Federal Reserve Bank
- Inflation
- Municipal bonds
- Reserve currency
- US dollar
- US taxation
- US Treasury
You can also look for articles on this subject by using the search box on each page, or on my associated site, Center for Capital Flow Analysis.
Nice site: In Post Keynesian philosophy spending is good. Unfortunately the proper method is “Bottom up” rather than “Top down” for inflating out of a recession. FDR made the same mistake. Giving money to grow government, bail large industry and banks is counter productive
Matt