Comments on: Could Good Come Out of the Economic Crisis? http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/?&owa_medium=feed&owa_sid= Save Money @ BeingFrugal.Net Wed, 01 Feb 2012 18:52:59 -0800 hourly 1 http://wordpress.org/?v=3.3.1 By: Weekend Linkityness: Two for the price of one! « The Faery Inn http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11795 Weekend Linkityness: Two for the price of one! « The Faery Inn Sat, 04 Oct 2008 22:12:53 +0000 http://beingfrugal.net/?p=1026#comment-11795 [...] Economic Crisis: Government Bail-Out Fails: That’s a Good Thing ~ Gather Little by Little Could Good Come Out of the Economic Crisis? ~ Being [...]

[...] Economic Crisis: Government Bail-Out Fails: That’s a Good Thing ~ Gather Little by Little Could Good Come Out of the Economic Crisis? ~ Being [...]

]]> By: Anne-Marie http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11655 Anne-Marie Sun, 28 Sep 2008 19:12:07 +0000 http://beingfrugal.net/?p=1026#comment-11655 Hi Lynnae, Just heard your interview on NPR this morning, which brought me here. Thanks for writing this article. Thought you might enjoy my similar views on it in my short article titled: "Why This Scary Economy is … Good For Us?" http://thesucculentwife.typepad.com/succulentblog/2008/09/why-this-scar-1.html. Hi Lynnae,

Just heard your interview on NPR this morning, which brought me here. Thanks for writing this article. Thought you might enjoy my similar views on it in my short article titled: “Why This Scary Economy is … Good For Us?” http://thesucculentwife.typepad.com/succulentblog/2008/09/why-this-scar-1.html.

]]> By: Sunday Roundup — Economic Turmoil Edition http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11654 Sunday Roundup — Economic Turmoil Edition Sun, 28 Sep 2008 14:55:34 +0000 http://beingfrugal.net/?p=1026#comment-11654 [...] hurt it more. I’ve seen excellent arguments both ways. But I do agree with Being Frugal that some good could come out of this. People have survived a lot of bad times and even thrived. I’m worried, but I think we can [...]

[...] hurt it more. I’ve seen excellent arguments both ways. But I do agree with Being Frugal that some good could come out of this. People have survived a lot of bad times and even thrived. I’m worried, but I think we can [...]

]]> By: Link Love « Saving Money Ideas http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11652 Link Love « Saving Money Ideas Sun, 28 Sep 2008 03:04:40 +0000 http://beingfrugal.net/?p=1026#comment-11652 [...] Could Good Come Out of the Economic Crisis at Being Frugal [...]

[...] Could Good Come Out of the Economic Crisis at Being Frugal [...]

]]> By: pam munro http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11650 pam munro Sat, 27 Sep 2008 21:13:39 +0000 http://beingfrugal.net/?p=1026#comment-11650 My parents and greatgrandparents were in the Depression and no, they didn't live on a farm or anywhere near one! They were in Brooklyn, N.Y. But with hardwork and thrift and grabbing educational opportunities, they bettered themselves. No, physical labor isn't the trend of the day - MENTAL work is. That's why education is so important! We need to be multi-talented and extremely flexible with several income streams (or potential income streams)and keep our ears to the ground. I have already contributed to my retirement to an extent with my social security payments, for example - so I deserve that back. But I also know how much or little I am going to get and have to plan accordingly. The extravagent and frivolous lifestyles of the past 15 to 20 years will be a thing of the past for all but a precious few. But our lifestyle is still enviable. Watch those programs on the travelchannel!! So we have much to be grateful for, nevertheless. My parents and greatgrandparents were in the Depression and no, they didn’t live on a farm or anywhere near one! They were in Brooklyn, N.Y.
But with hardwork and thrift and grabbing educational opportunities, they bettered themselves. No, physical labor isn’t the trend of the day – MENTAL work is. That’s why education is so important! We need to be multi-talented and extremely flexible with several income streams (or potential income streams)and keep our ears to the ground. I have already contributed to my retirement to an extent with my social security payments, for example – so I deserve that back.
But I also know how much or little I am going to get and have to plan accordingly. The extravagent and frivolous lifestyles of the past 15 to 20 years will be a thing of the past for all but a precious few. But our lifestyle is still enviable. Watch those programs on the travelchannel!! So we have much to be grateful for, nevertheless.

]]> By: pam munro http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11647 pam munro Sat, 27 Sep 2008 18:02:00 +0000 http://beingfrugal.net/?p=1026#comment-11647 People "back then" knew how to take care of themselves because they had been, in turn, taught. We can learn again how to do it. The frugality movement is a sign that we are beginning to do so! Human beings are stubborn and often don't respond except when really pressed - well - the circumstances are here now. People “back then” knew how to take care of themselves because they had been, in turn, taught. We can learn again how to do it. The frugality movement is a sign that we are beginning to do so! Human beings are stubborn and often don’t respond except when really pressed – well – the circumstances are here now.

]]> By: Marci http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11646 Marci Sat, 27 Sep 2008 17:41:00 +0000 http://beingfrugal.net/?p=1026#comment-11646 Another disadvantage USA has now is that back then people knew that if they didn't provide for themselves there wasn't any other way to survive, except charity. No government handouts (some charity) so one couldn't just sit around and wait for a government check to bail them out. I don't think there is as high a percentage now of people who would actually rise to the occassion and get busy and take responsibility for themselves and their families, ie, those who are actually willing to do what it takes to survive, and not just sit and wait for the bailouts. And before anyone gets mad at that statement, notice I sais 'as high a percentage", meaning yes, there are those who will, those with personal fortitude, personal responsibility, ie, the backbone of America. And I think that people are 'too far out of the wilderness' - the time frame is too long from the days of doing it all to survive, without all the modern conveniences - a lot of the survival skills have been lost thru the generations. That is a sad loss. Another disadvantage USA has now is that back then people knew that if they didn’t provide for themselves there wasn’t any other way to survive, except charity. No government handouts (some charity) so one couldn’t just sit around and wait for a government check to bail them out.

I don’t think there is as high a percentage now of people who would actually rise to the occassion and get busy and take responsibility for themselves and their families, ie, those who are actually willing to do what it takes to survive, and not just sit and wait for the bailouts. And before anyone gets mad at that statement, notice I sais ‘as high a percentage”, meaning yes, there are those who will, those with personal fortitude, personal responsibility, ie, the backbone of America.

And I think that people are ‘too far out of the wilderness’ – the time frame is too long from the days of doing it all to survive, without all the modern conveniences – a lot of the survival skills have been lost thru the generations. That is a sad loss.

]]> By: 1000 Ways to Save Day 2! « Keep it Simple http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11645 1000 Ways to Save Day 2! « Keep it Simple Sat, 27 Sep 2008 16:18:55 +0000 http://beingfrugal.net/?p=1026#comment-11645 [...] 103. Stay Honest. I have been amazed by what is happening in our economy right now. Not because I didn’t think something like this would happen, but because so much of what has happened has stemmed from people being dishonest! Cheaters never prosper, and they also take their country down with them apparently! I loved the way Lennea at BeingFrugal.net put it in her post HERE. [...]

[...] 103. Stay Honest. I have been amazed by what is happening in our economy right now. Not because I didn’t think something like this would happen, but because so much of what has happened has stemmed from people being dishonest! Cheaters never prosper, and they also take their country down with them apparently! I loved the way Lennea at BeingFrugal.net put it in her post HERE. [...]

]]> By: Kate@Living the Frugal Life http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11644 Kate@Living the Frugal Life Sat, 27 Sep 2008 13:46:48 +0000 http://beingfrugal.net/?p=1026#comment-11644 I would like to share in your fundamentally optimistic outlook. Unfortunately, America now lacks some very significant advantages that we had during the Great Depression. Back then a significant portion of the population had a farm somewhere in the family. That meant that many people who lost city jobs could go back to the farm and survive relatively comfortably, if cash-poorly, until the economy recovered. We also had cheap sources of fuel back then. We don't now. We had the potential for vast numbers of manufacturing jobs, which were soon created during the war effort. We now have few operational factories, and no cheap source of credit or fuel to build them with. Physical labor was much more the norm back then. Few Americans today are accustomed to actually *working*, physically, to provide for themselves. We've consumed a great deal more of our country's natural resources (water, coal, timber, oil) than we had in the Depression era. And obviously, our collective debts, both personal and national, were absurdly trivial back then compared to what they are now. I think we're in for very tough times ahead. And I think as a nation, we're ill-prepared to deal with a serious and prolonged economic downturn. In fact I think it will amount to a major "correction" in our unsustainable standard of living. I hope for the best, but I'm also trying to prepare for something much less palatable. I would like to share in your fundamentally optimistic outlook. Unfortunately, America now lacks some very significant advantages that we had during the Great Depression. Back then a significant portion of the population had a farm somewhere in the family. That meant that many people who lost city jobs could go back to the farm and survive relatively comfortably, if cash-poorly, until the economy recovered. We also had cheap sources of fuel back then. We don’t now. We had the potential for vast numbers of manufacturing jobs, which were soon created during the war effort. We now have few operational factories, and no cheap source of credit or fuel to build them with. Physical labor was much more the norm back then. Few Americans today are accustomed to actually *working*, physically, to provide for themselves. We’ve consumed a great deal more of our country’s natural resources (water, coal, timber, oil) than we had in the Depression era. And obviously, our collective debts, both personal and national, were absurdly trivial back then compared to what they are now.

I think we’re in for very tough times ahead. And I think as a nation, we’re ill-prepared to deal with a serious and prolonged economic downturn. In fact I think it will amount to a major “correction” in our unsustainable standard of living. I hope for the best, but I’m also trying to prepare for something much less palatable.

]]> By: Weekend Roundup: The No Theme Edition | Frugal Dad http://beingfrugal.net/2008/09/25/could-good-come-out-of-the-economic-crisis/#comment-11640 Weekend Roundup: The No Theme Edition | Frugal Dad Sat, 27 Sep 2008 11:02:23 +0000 http://beingfrugal.net/?p=1026#comment-11640 [...] Could Good Come Out of the Economic Crisis?  @Being Frugal [...]

[...] Could Good Come Out of the Economic Crisis?  @Being Frugal [...]

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