Comments on: To spend, or not to spend? http://www.fortheloveofmoney.ca/2009/01/to-spend-or-not-to-spend/ Personal commentary from Canada's experts on debt management. Wed, 08 Feb 2012 13:43:30 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Laurie Campbell http://www.fortheloveofmoney.ca/2009/01/to-spend-or-not-to-spend/comment-page-1/#comment-105 Laurie Campbell Mon, 02 Mar 2009 19:54:30 +0000 http://www.creditcanada.com/blogs/?p=94#comment-105 To: Consumer Credit Counselling Service. I look for information from my own Canadian research and contacts. To: Consumer Credit Counselling Service.

I look for information from my own Canadian research and contacts.

]]> By: Laurie Campbell http://www.fortheloveofmoney.ca/2009/01/to-spend-or-not-to-spend/comment-page-1/#comment-104 Laurie Campbell Wed, 11 Feb 2009 15:03:27 +0000 http://www.creditcanada.com/blogs/?p=94#comment-104 To your point Alistair, it is unfortunate that government did not step in sooner and the key to dealing with this situation is education and there is a serious lack of financial literacy information in Canada. This is going to take a long time to correct. Adam makes a good point, however wasn't that what lead to the Depression in the 30's...the government spending, not my theory but I have heard this. I do agree with you about bailouts, I am wondering if it is just delaying the inevitable....nevertheless some government intervention is necessary to put some controls in place in this current economic crisis. To your point Alistair, it is unfortunate that government did not step in sooner and the key to dealing with this situation is education and there is a serious lack of financial literacy information in Canada. This is going to take a long time to correct.
Adam makes a good point, however wasn’t that what lead to the Depression in the 30′s…the government spending, not my theory but I have heard this. I do agree with you about bailouts, I am wondering if it is just delaying the inevitable….nevertheless some government intervention is necessary to put some controls in place in this current economic crisis.

]]> By: Sergio http://www.fortheloveofmoney.ca/2009/01/to-spend-or-not-to-spend/comment-page-1/#comment-103 Sergio Wed, 11 Feb 2009 03:01:46 +0000 http://www.creditcanada.com/blogs/?p=94#comment-103 Hi Laurie, In addition to your comment I would like to know where the Authorities were on this... The debt to equity ratio in households has been on the rise for many years and the goverment choose to close it's eyes. Also, if the CPI is to elevated inflation why did it fail us? Case and point .. the housing market.. From my stand point, and, as cold as it sounds lets adopt Adam Smith's policy of democracy and that the free markets will correct themseleves without any goverment intervention. Perhaps this is exactly what the world needs right now... No Goverment bailouts just increased bankrupticies for there foolish and then the markets will once again correct themseleves... Thanks, Adam Smith Hi Laurie,

In addition to your comment I would like to know where the Authorities were on this… The debt to equity ratio in households has been on the rise for many years and the goverment choose to close it’s eyes. Also, if the CPI is to elevated inflation why did it fail us? Case and point .. the housing market..

From my stand point, and, as cold as it sounds lets adopt Adam Smith’s policy of democracy and that the free markets will correct themseleves without any goverment intervention. Perhaps this is exactly what the world needs right now… No Goverment bailouts just increased bankrupticies for there foolish and then the markets will once again correct themseleves…

Thanks,

Adam Smith

]]> By: Alistair McLaughlin http://www.fortheloveofmoney.ca/2009/01/to-spend-or-not-to-spend/comment-page-1/#comment-102 Alistair McLaughlin Wed, 11 Feb 2009 00:51:24 +0000 http://www.creditcanada.com/blogs/?p=94#comment-102 The entire concept of Keynesian "stimulus" is ludicrous. Over-spending on cheap credit is what got the economy to where it is. And governments the world over are encouraging more of the same? And setting the example with high deficits? It's mind-boggling. Simply mind-boggling. The entire concept of Keynesian “stimulus” is ludicrous. Over-spending on cheap credit is what got the economy to where it is. And governments the world over are encouraging more of the same? And setting the example with high deficits? It’s mind-boggling. Simply mind-boggling.

]]>