Economic Expert Hunter Lewis: We Are in a Depression!

Breitbart ^ | 13 Jan 2014 | Robert Wilde

[Wyatt's Torch]

if you hear a report from NPR or other mainstream shows, you will hear that the Fed is bond-buying. “They completely leave out the fact that the Fed is creating new money in order to do its bond-buying.

Is there anyone that doesn't know this? This is how liquidity is injected into the system.

[hawkaw]

Actually the Canadians cut corporate tax rates and what happened was banks such as the Royal bank of Canada outsourced jobs to India instead of hiring folks.

So cutting corporate taxes is not always the best solution.

I do think cutting the rate to a reasonable level compared to other countries is a good idea. I think cutting captial gains is a good idea too as long as a good percentage of the money is reinvested.

I do not think cutting all the business laws that are designed to protect health and safety is a great idea. I think a lot of large businesses are making record profits right now as shown on the Dow Jones. I think a level playing field would be great with simplied regulations so that large corporations with their armys of lawyers and accountants don’t have advantages over small companies.

I think cheap energy is really important to drive the economy. I worry the green energy stuff is making energy still very expensive.

I think uncertainity is a big problem with the economy and that includes the health care issues. I think that really slows down hiring. That needs to be somehow altered.

I think the government should help encourage more hiring in the petroleum and gas resource end as that industry seems to be doing very well right now and show the potential to expand further in many states.
Anyway just my thoughts.

Have a great day!

[OneWingedShark]

Ah... and the left would LOVE to have capital offenses that they could manipulate to have their political enemies put to death at the hands of the State.

Yes; far too easy to abuse, so I didn't include it.

Hardastarboard: I forgot to mention, take a look at sections VI and VIII — I think that would be enough to keep the Secretary of the Treasury in line.
(Misappropriation, malfeasance and/or misfeasance of funds shall be considered confiscation.)

[Hardastarboard]

You would need to have a Special Prosecutor independent of the Congress. Even then, Democrats can do whatever they want with impunity. All the laws in the world don’t help when everyone assigned to enforce them is corrupt. We have that situation with the 0bama administration.

[xzins]

My guess is that 98% of America doesn’t know this.

Nonetheless, running the printing press is running the printing press. “Liquidity” over-printed has no value backing it up other than “faith”.

[Wyatt's Torch]

I will agree about fiat money. I don’t agree about the liquidity being necessarily inflationary. It depends on the levels of demand for money.

[redgolum]

Overhead costs more than taxes. If you can hire some guy in India for a third the cost of a native Canadian, then taxes don’t matter.