Another reason that the Iraq war was a huge mistake

[Ardentfrost]

Originally Posted by Nurse Betty

I don't think so, not in the way it's implicated.

Look at how much money is spent yearly on other crap. The war is small in comparison, but big when that's all people hear.

The war was paid for by increasing the money supply via fed rate cuts. That caused bubbles on multiple fronts and now we're paying for it in inflation, oil prices, unemployment, etc...

Monetary policy surrounding the war (and in the name of war) most certainly contributed greatly to our economic problems

[ballz2wallz]

Originally Posted by Ardentfrost

The war was paid for by increasing the money supply via fed rate cuts. That caused bubbles on multiple fronts and now we're paying for it in inflation, oil prices, unemployment, etc...

Monetary policy surrounding the war (and in the name of war) most certainly contributed greatly to our economic problems

By bubbles, you mean housing bubbles and such?

[Ardentfrost]

Originally Posted by Nurse Betty

By bubbles, you mean housing bubbles and such?

By bubbles I mean an industry with a lower-than-realistic perceived risk causing an overvaluing of the industry's product(s).

[C4Casey]

I think there would be more support if the president said:

"We aren't going to spend an extra 500 billion dollars on anything because we are in a huge deficit as it is and we can't afford any new government programs."

It's okay to dream sometimes...right?