It’s really hard not to be fearful right now. Only those who are considered essential are working. The country is going deeper into debt in order to provide Americans with stimulus checks.
One of the most important things I learned from reading up on the Great Depression is that some economists are now saying that President Franklin Roosevelt prolonged the Great Depression by seven years with his policies. They believe that if the government had not intervened, the economy would have corrected itself in about three years.
This leads me to believe that the best thing the government can do is keep its hands off the economy.
Government policy often causes unintended consequences because politicians really don’t know what effect their policies will have on the economy. One of the worst things I believe we can do right now is have America go further into debt.
That doesn’t mean we shouldn’t help those who really need it. We do. Let’s just not use extreme measures that could hurt our economy and prevent us from staying economically strong.
Americans are growing more concerned over the state of the American economy than that of their personal health, a Harris Poll released this week revealed. Poll: Americans Growing More Concerned over Economy Than Personal Heath
Here are some of the current predictions on what may happen in the stock market. Decide for yourselves. Just don’t panic. Panic can cause you to make bad decisions. It’s more important than ever to stay calm, and we can get through this.