This was a post that I wrote on 18th March 2009. I think this is relevant even now.
When I read the comments by Nouriel Roubini in the article in Forbes today, it set me thinking. When we do individually, what we are doing collectively in the name of saving the economy, isn't it called being irresponsible? What we are going through now and what is being done to escape the reality is so full of contradictions that no one can for sure say, ultimately that we will be able to avoid the Deep Recession or Depression that we are already in. But at the same time we have to do something and the Government has to also do something.
When I read the comments by Nouriel Roubini in the article in Forbes today, it set me thinking. When we do individually, what we are doing collectively in the name of saving the economy, isn't it called being irresponsible? What we are going through now and what is being done to escape the reality is so full of contradictions that no one can for sure say, ultimately that we will be able to avoid the Deep Recession or Depression that we are already in. But at the same time we have to do something and the Government has to also do something.
We can not just watch what happens and think that this was inevitable. We are supposed to be responsibly irresponsible to get this economy out of this mess. We should not spend beyond our means but at the same time we should not cut down too much. We have to do the right thing collectively as a nation and the world. How is this possible? I think it is impossible because we are not like computers. We ultimately have to go through the pain anyway, like a disease which has to run its' course.
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