Reset: How This Crisis Can Restore Our Values and Renew America

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17 Responses to “Reset: How This Crisis Can Restore Our Values and Renew America”

  1. arkizzle / Moderator says:

    Eat Yokel

  2. Anonymous says:

    People will return to their old ways eventually. We got to our current culture even though we went through WWII and the Depression. Give a few generations and it’ll be right back to where it was.

  3. actuallyidobite says:

    The title of this book intrigues me, but the excerpt posted here says nothing about how the crisis can “restore our values and renew America.” Wouldn’t it be nice to have shared something positive and perhaps have a positive influence, rather than this dreary list of statistics? I’m just sayin’.

  4. Jewels Vern says:

    Boom and bust cycles only happen when phony paper money is in use. If this fellow doesn’t know that then his essay isn’t worth much.

    Here are your boom and bust cycles. Notice they began in 1913, the birth of the Federal Reserve.
    http://img248.imageshack.us/img248/2296/djiavsgold200yearsvz5.png

  5. teh_chris says:

    @ #6

    you’re right. no one should ever try to do anything new for that very reason. i’m glad you’re here to reign in all this reckless optimism.

  6. das memsen says:

    Speaking of reigning in reckless optimism, I hate to say it, but America’s not ready to admit its mistake- we’re going to hit a much harder “economic downturn” than 2008′s before people start waking up. Everything Andersen wrote is true, but also obvious while it was happening, and nobody cared. I look around me, and it’s clear that nobody still cares. People still live their credit-maxed life, buy tons of new useless shit, eat garbage, and have no desire to change their habits. We talk about the economy, but our daily lives don’t reflect the kind of “paradigm shift” we all know we need. I’m doing my part, for what it’s worth…

  7. jphilby says:

    The major cause of the drop in family savings after 1982 was the end of the 5.25% passbook rate. You could walk into any bank with $10, open an account and get 5.25% … since forever.

    Then came the Savings and Loan debacle, and soon that 5.25% was gone.
    http://en.wikipedia.org/wiki/Savings_and_Loan_crisis

  8. Kid Geezer says:

    @#13:Living proof that accompanying boom and bust cycles is an increase in loony theories and, cue the drums, since 1913 attacks on the Federal Reserve. Apparently your access to history doesn’t begin any earlier than that. Save your allowance and get a real history book.

  9. Dave Faris says:

    All things considered, I think that selling a book with fewer than 100 pages for $10 is bound to be good for the economy.

  10. Stefan Jones says:

    #8: That’s not quite true. The savings rate has gone way up.

    And people are gardening more.

    And for what it’s worth, the local Goodwill chain (“Goodwill Industries of the Willamette Valley,” an amazingly well-run outfit) has seen sales in its thrift stores rise by 8% or so.

    We’re not out of the woods, in our cultural and economic habits, but I think we’ve made a start. We’ve shown we’re still capable of change.

  11. dragonfrog says:

    So basically, it’s like The Shock Doctrine, only this time it’s a good thing because the proposed subversion of democracy is to enact measures I happen to agree with – have I got that about right?

  12. zuzu says:

    Living proof that accompanying boom and bust cycles is an increase in loony theories and, cue the drums, since 1913 attacks on the Federal Reserve. Apparently your access to history doesn’t begin any earlier than that. Save your allowance and get a real history book.

    The business cycles are caused by fractional reserve banking, which existed before the Fed, but never as centralized and institutionalized as since the founding of the Fed.

    (It’s a “subtle” point that even the Wikipedia entry on ABCT misleads the reader on.)

  13. Anonymous says:

    @#14 JPHILBY Not to mention how banks have fundamentally changed to rake in fees as a profit device. Really needs close examination.

  14. Takuan says:

    a good time to start small manufacturing concerns. The hollowing out of the industrial sector by off-shoring to China is about to reverse in earnest. Also, invest in “Buy Local” and “Eat Local” T-shirts.

  15. phillamb168 says:

    Wow, Amen. Gonna see if this is at the public library right now.

  16. Teacher Teacher says:

    At last! A perspective that is useful to all. No arguing about whether or not we are in an economic down-turn, just practical applications about how it can be turned to good use. Any cloud truly does have a silver lining, and if we learn to be more disciplined as Americans, good can come of this “crisis.”

  17. Beanolini says:

    #1, Takuan:

    invest in “Buy Local” and “Eat Local” T-shirts.

    I’m going for “Buy local, eat lo-cal”.

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