re: #25 ProGunLiberal

Why do I get the feeling it is somewhat more complicated than that?

Anyone more neutral him, or my religiously influence view of economic policy tell me what is actually going on?

DF needs to look at Texas in 1986. Between the collapse of oil prices and the collapse of the real estate bubble, Texas was a basket case. The state was saved by the Fed. The SPIG in Europe had no such backstop. They aren’t in recession. By any definition, they are in a depression, just as Texas would have been in by ‘87 without the intervention of the Federal Reserve.

Of course, DF was like, nine, then. Us old farts remember history.