Saturday, January 12, 2008

Oil is up? Dollar is down? Look in the mirror, Nation.

I really liked this post and observed that Captain Capitalism's conclusions parallel those in the healthcare "crisis".

...if Americans insist on borrowing money from their homes to go and buy a big screen HDTV made in China, they are not producing anything of value here and therefore debasing the currency.

So if you want cheaper gas, cheaper imports in general, not to mention a whole slew of benefits that could be attained by producing more and spending less, take a second job, start paying off your debts. Quit using your house as an ATM and become an old school American. Increase the value of the dollar.

We have a dollar "crisis" because of our behavior as a society. We have a healthcare "crisis" because of our behavior as a society (among other factors).

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