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A comment on A 25-Year-Old Bet Comes Due: Has Tech Destroyed Society?. Parent comment

Re:A 25-Year-Old Bet Comes Due: Has Tech Destroyed Society? by vagrantJin on Tuesday February 02, 2021 @03:45AM (#25998642)
> Just look at how rapidly it recovered from the 2008 crisis compared to Europe

I'm not EU or US, but the US printed a heck of a lot of magic monopoly money. And yet the dollar remained as strong as it ever was. Yes, some smartie pants will no doubt explain this away as "quantitative easing" which is the magnum opus of magic monopoly money.

EU central bank doesn't seem to like that very much being so risk averse. So we can say the EU is keeping financial wizardry in check because if left to the US, no one would know what is going on.

The EU might just save us all.

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Re:A 25-Year-Old Bet Comes Due: Has Tech Destroyed Society? by simonh on Tuesday February 02, 2021 @05:09AM (#25999154)
So the US bailed out the banks with a Trillion dollars, got it all back with a profit, used massive QE to successfully cushion their economy, without inflation. Which is bad.

Meanwhile the EU which at the time was crippled over Greece, lagged far behind in the recovery and still haven't properly addressed deep flaws in the Euro are our saviours?

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Re:A 25-Year-Old Bet Comes Due: Has Tech Destroyed Society? by fakedang on Tuesday February 02, 2021 @06:38AM (#25999820)
If you can forget the divide in the wealth gap in the US, sure the US has been very successful at recovering from '08.
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