Thanks for post­ing these! I just read the one by Eliz­a­beth War­ren. Her post about America’s debt prob­lem is painfully clear and I think that it’s ridicu­lous that more peo­ple aren’t bring­ing up this point today. Why do we think we can solve a debt prob­lem with more spend­ing? Our solu­tions to eco­nomic prob­lems seem very at odds today; on the one hand it’s good that Amer­i­cans are cut­ting back and learn­ing to make the most of what lit­tle income they have, while on the other hand, with every­one cut­ting back their spend­ing, many indus­tries are suf­fer­ing from sharp declines in demand. If you ask me, I think an over­all decline will be good for the long term, since the growth thus far has been the­o­ret­i­cally fueled by money the spenders don’t actu­ally have. I think some indus­tries need to shrink (like ones that favor the rich and bad employee stan­dards) while oth­ers need a lot of growth like small busi­nesses and co-ops.