Comments by "Roger Dodger" (@rogerdodger8415) on "Fed Pivots Once ‘Panic’ Sets In, People Run Out of Cash" video.

It's hilarious to see the young people panic over 8% interest rates. Anyone that lived through the 80's know what 18% interest rates are like. It wasn't doomsday....far from it. People slowed their spending as expected, jobs were tight as designed, guys bought used cars instead of new. You ate leftovers. No crisis, no panic, no doomsday. Get out of debt, spend wisely, build a rainy day fund, relax.
9
@bbustin1747 Yeah, but how much of that debt is NOT circulating in our economy? We have entire countries using the dollar as their currency. NOT like the seventies. Japan has a higher debt to GDP than we do, and they're doing fine. Here's the REAL question you..If you made 200k a year and owed 200 on your home, would you be ready to panic? Educate yourself...start by googling "government debt is not a problem". Then take your pick of sources.
1
@LR-pw9dd They make much more now and there were few options HOW to spend it. Now, you have dollar stores, second hand clothes stores, pay per view for ball games, automatic thermostats, heat pumps, and most important INFORMATION which tells you how to save money. Just young people are too stupid and too interested in the Kardashians and their X-box to figure it out.
1