2007-10-31 15:56:58 · 18 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
Who??!!we should thank our own ignorance and one dimensional thinking i guess??
2007-10-31 16:38:53 · answer #1 · answered by ? 5 · 1⤊ 3⤋
John Maynard Keynes, the father of the ecconomic school of thought that, among other things, possits that governments should use monetary policy to increase aggregate demand as a way of reducing or eliminating economic downturns. This practice leads to inflation - sometimes very serious inflation, as in the 70s - which errodes the value of the fiat currency involved, relative to other currencies experiencing lower levels of inflation. The US has been following basically Keynesian economic policies for most of the last 70 years.
Today, we actually have inflation, it's just not showing up as strongly as it might in the consumer price index, because of our extensive reliance on imports from countries - most notably China - who have kept thier curencies depressed in lockstep with our own.
2007-11-01 12:49:35 · answer #2 · answered by B.Kevorkian 7 · 0⤊ 1⤋
One cannot answer this question because the meaning of 'American' isn't clear:
- A person or attribute of South or North America
- A person or attribute of the indigenous peoples of South or North America
- A citizen or attribute of the ’United States of America’: the political correct term
is 'US-American'
2007-11-03 03:57:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
no one. i would suggest all those world wide who favored one world government and free trade. so are you so insulated in your world that you don't see the advantages of a truely free world wide capatalist system? are you so insecure that you don't think the dollar will rebound shortly?
i suppose we should "blame" george the first and clinton the first for the dollars current problems. big deal, its called economics. oh and lets not forget the terrorists that add instability to the world economy as well this countries short sided view on energy. we need more subsidies for exploration of fossil fuels. and we need to stand up to china/asia....so it's all on george the 1st and clinton the 1st.
2007-10-31 23:08:31 · answer #4 · answered by Anonymous · 3⤊ 1⤋
Because the Euro is strong and China is emerging slowly. Illegal aliens are sending their under the table money back to their families to Mexico by the billions every week. And because of the price of gas Americans are not spending as much as they used to everywhere else. If taxes are raised it will only add to the problem.
2007-10-31 23:01:58 · answer #5 · answered by Ancient Warrior DogueDe Bordeaux 5 · 5⤊ 2⤋
Hey, gold went up to a high that can only be matched by 1980. What do you think that will do to the dollar internationally?
2007-10-31 23:04:46 · answer #6 · answered by rance42 5 · 1⤊ 2⤋
The Bush Administration and the Republican controlled House and Senate from 2001-2006. They LIED to US! The BROKE Their Contract With America. That is why they were fired in 2006.
2007-10-31 23:05:47 · answer #7 · answered by Tigger 7 · 2⤊ 6⤋
Themselves.
2007-10-31 23:06:01 · answer #8 · answered by Strats!! 4 · 1⤊ 1⤋
The unions and the liberals. Union labor ain't cheap, but the products they turn out sure are! And the liberals artificially raised inflation by raising minimum wage. They didn't stop to think about the trickle effect, seniority and the general cost of the products and services. Duh...
2007-10-31 23:03:16 · answer #9 · answered by Doc 7 · 5⤊ 3⤋
The Dick & George travelling one trick pony show.
2007-10-31 23:15:32 · answer #10 · answered by SpikE 5 · 2⤊ 2⤋
"Federal" Reserve cutting interest rates and making money out of thin air.
Vote Ron Paul to stop all this nonsense.
2007-10-31 23:07:49 · answer #11 · answered by vox_of_reason2 3 · 2⤊ 3⤋