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Is america close to another depression? Also, by burning fossel fuels, are we heading toward another ice age? Please only answers with a source.

2006-06-29 13:23:55 · 5 answers · asked by questionaskerguy 1 in Education & Reference Words & Wordplay

5 answers

No! At least on the Depression, the main worry of economists currently is that the growth in the US economy is so substantial that the value of our money is increasing, so the Fed is raising interest rates to hurt the economy and to devalue the dollar so that the dollar doesn't increase in value, which could lead to a small drop in the long term value of the dollar. Which is why we don't need the Fed, who should have to ride in short buses instead of limos.

2006-06-29 13:31:21 · answer #1 · answered by miknave 4 · 0 2

What makes you think we are heading into another depression? Just listen to the news (the less liberal the better) and you will learn that the economy is very strong and doing better than it has in a long time.

If we were to burn ALL of the fossil fuel at once, using the least clean way to do it, it wouldn't cause an ice age.

2006-06-29 13:26:48 · answer #2 · answered by Anonymous · 1 1

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2016-10-31 23:04:55 · answer #3 · answered by powelson 4 · 0 0

I'm not worried about the ice age thing but the way we use our credit cards could bring some future issues.

2006-06-29 13:27:16 · answer #4 · answered by songbird 6 · 0 0

Yes, but not the depression you are thinking of. We are zombies in a wellbutrin-xanax cocktail fixation.

2006-06-29 13:27:40 · answer #5 · answered by pmbrundle74 3 · 1 0

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