What Would You Do If You Worked For An Insolvent Company?

... you'd cut spending and stockpile cash, right?

If the company you worked for was heading for bankruptcy, you'd be concerned about future paychecks and would cut back your spending in preparation for bad times ahead. In a fascist state, we all work for the government in one way or another, so when we hear that pension plans are wildly underfunded, that states have stopped paying their bills and that states are laying off thousands of workers, we instinctively take the appropriate action.

I'm sure I'm over thinking the problem here. I doubt many people understand what fascism is or how it applies to us. However, they've all lived in a culture steeped in the belief that whatever the problem is, the government should do something about it. Call it implicit fascism. The end result is the same. If the state is financially unhealthy, we stop spending.

Prices are falling. This happens when people stop buying things.