Why?
2006-08-08 23:01:35 · 6 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Recessions and or, (depressions), are more damaging to any economy.
Job loss is the result, and in turn necessitates welfare payments, consumption of any personal savings, credit losses, and if extended may result in the loss of homes.
Inflation is most destructive on those with fixed incomes. While the employed may receive an increase in wages, which in itself fuels more inflation, those who live on fixed incomes, such as Social Security, investments, and or savings, lose buying power, and in many cases fall deeper into poverty.
In the Great Depression, pork chops were 10 cents per pound. Few could afford to buy them.
2006-08-08 23:19:28 · answer #1 · answered by ed 7 · 1⤊ 0⤋
Inflation
2006-08-08 23:06:39 · answer #2 · answered by ? 5 · 0⤊ 0⤋
i do not recognize. let me call my Senator and ask him. Cherry: preparation is the states' duty. Bridges will be paid for with the help of the feds in the adventure that they are on interstates or any federal lands. Firefighters except those that wrestle wooded area fires and such are paid with the help of community governments. The more effective the feds get entangled the more effective money they syphon from community governments. Then the community governments ought to bypass begging from the feds for money that could have lengthy previous to them contained in the first position. that is really inefficient and stupid.
2016-11-23 17:21:54 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Unemployment
2006-08-08 23:14:30 · answer #4 · answered by Red 5 · 0⤊ 0⤋
A combination of both!
2006-08-08 23:12:13 · answer #5 · answered by Vinny 2 · 0⤊ 0⤋
Hi,,, better yet........ no money..... that hurts worse......
2006-08-08 23:06:30 · answer #6 · answered by eejonesaux 6 · 0⤊ 0⤋