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It appears to me that an economic depression is the best time to invest in projects that last for a long time. When you have a depression, people are cheap, thi
by markessien 18y ago
It appears to me that an economic depression is the best time to invest in projects that last for a long time. When you have a depression, people are cheap, things are cheap, and it is a bit safer to print money because people are tending to hoard money - in this case, you take money and sink it into needed material things like roads and schools that last for decades.
At some point in the future, things get back to normal, but now you have a whole bunch of new roads and nicer schools that were built when things were a bit cheap.
And as an added side effect, you put a lot of money into circulation, which should lead to more purchasing and spending, which will reactivate the economy.
The train system in the U.S for example, should be upgraded. I've seen videos of some cities, and they really looked almost 3rd world - such places should be invested in.