We have several other threads on economics, but being that economics has a direct impact on everything we do, I think it is time to start a never ending thread.
So to start it out, what is your viewpoint on economic models? Do you follow Keynesian Economics or do you believe in the Austrian School of economics? Can a truly free market society work, or is government intervention a requirement? If so, how much influence should a government have?
Even more so, what would happen if there was a drastic economic shift? Under the GW Bush presidency, we saw several corporations and banks that needed a bail out. Now we see entire countries that also need an economic bail out. What about personal bail-outs instead of bankruptcy? Is any one person or corporation truly too big to fail?
On a personal level, if we all stopped borrowing money today, would our economy implode? What if it was a slow decrease away from borrowing money, would that have the same impact?
What are your thoughts on all of this economic controversy regarding national bailouts in Europe? How does a country get into that situation in the first place?