Hacker News new | ask | show | jobs
by rnemo 5398 days ago
1. I can and will continue to blame the commentators and the respected publications in the financial world who give them voice for consistently publishing pieces that not only turn out to be wrong but aren't doing anything to help the problem. I really don't care what the government is or isn't doing, it's at best irresponsible to keep on publishing articles that doomsay to no result when investor confidence, employer confidence, and consumer confidence are such important parts of economic recovery.

2. I was using metaphor when talking about stuffing money into mattresses, the point being that most of the time the recommended actions for saving the individuals money do nothing good for the overall economy, instead the actions just provide a potential safety blanket. In terms of talking about economic ups and downs and how to prevent them, these actions have not much more effect than shoving money into a mattress