MARCH 19, 2008 --

When a headline on the  front page of The Wall Street journal, March 17, declares: "Banks Fear a Deepening of Turmoil" -- LPR gets to wondering that perhaps we ought to consider current problems in a psychological, not economic, context.   

That way, perhaps our solutions might isolate and limit  and not expand problems.  

For example, when the Federal Reserve acts to reverse a sharp stock decline by lowering interest rates, does the Fed's action have an impact on raising the price of gas and does that, in turn, have an impact, generally,  on higher prices?

If an appropriate  aim is to put more money in the hands of consumers, it should be their own money and not new money churned out by the Fed.  

What better way to put money in the hands of consumers than by doing something to end credit card usury, which makes it harder and harder for people to pay back loans, and easier and easier for people to fall deeper and deeper into the debt return.

Do the credit card companies want  to bury us in a bottomless financial pit?  How can that possibly serve the common good, the national interest.  

Hey everybody -- can't we all pull together in the right psychological frame of mind so that we can appreciate the greatness of the American economy -- and, per the founding vision, share it its fruits?

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