Paul B. Farrell introduces us to what he believes will be the positives of what may well be an inevitable recession. I’d say that, on balance, it’s an interesting set of ideas but probably reckless wishful thinking. There’s no doubt but that economic growth is entirely tied up with the political fortunes of our leadership (a concept hinted at in the article, though not directly expressed). I don’t doubt that all the cited benefits of recession would, in a perfect world, be excellent opportunities. We should probably use the impending recession to get our house in order, but do we really think that’s what’s going to happen?
Hardly. It’ll just be one more reason to “throw the bums out,” while we continue to pile up credit card debt like there’s nothing wrong with that.