ping
I’m trying to do my part by not turning money around.
At least we don’t have negative equity.
I’m still making money. It’s just that my purchasing power
has decreased and I’m hemmed in on raising my prices because
of the progressive income tax, Obamacare and the slimy rats
that hire wetbacks. In other words the federal government.
Obama sucks and anyone who tries to convince me otherwise
sucks too. I’ll be damned if I’m going to work half my time
for this government and the worthless people it supports.
Obamanomics is killing the US economy.
The working poor are deciding to NOT work and instead are collecting a variety of government benefits because incentives are available to them to do so.
Do you ever wonder why politicians always warn that social security will run out of funding, but no one says that welfare will ever run out of funding...
I think the multiplier falling isn’t a bad thing. If it were rising, with all the stimulation we’ve had, inflation would be through the roof.
The problem is that no establishment politician and few economists will advocate short term pain for longer term gain. It’s all kick the can measures. If the multiplier ever rises again... watch out!
I see the author drinks at the cup of the FED. They are of course looking at the wrong thing.
I’m confused. If debt is rising, doesn’t that mean people are spending? Which in turn implies the velocity of $$ is increasing?
bfl
5.56mm