Spring Break
Letter to the editor
Issue date: 2/5/09 Section: Opinion
Seth,
I appreciate your views and how you portray them within the Collegian. Your ability to see through the "feel good" attempts to "fix" our economy is a lot more rare than I want to believe. It's always nice to have someone set the record straight.
A related topic and possibly a future article are the consequences these bailouts are going to have in the future.
Since economic production is nearly at a stand still due to the current situation and everyone is going to be flooded with money from the stimulus packages, inflation is going to be inevitable. There will not be enough products on the market to absorb this free money and the government will try to counter the effects with interest rates like they have always done. It is possible to see interests rates that will surpass the 80's. History will repeat itself once again.
Garrett J. Markus
Senior
civil engineering
I appreciate your views and how you portray them within the Collegian. Your ability to see through the "feel good" attempts to "fix" our economy is a lot more rare than I want to believe. It's always nice to have someone set the record straight.
A related topic and possibly a future article are the consequences these bailouts are going to have in the future.
Since economic production is nearly at a stand still due to the current situation and everyone is going to be flooded with money from the stimulus packages, inflation is going to be inevitable. There will not be enough products on the market to absorb this free money and the government will try to counter the effects with interest rates like they have always done. It is possible to see interests rates that will surpass the 80's. History will repeat itself once again.
Garrett J. Markus
Senior
civil engineering
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