Posted on 07/02/2021 5:45:35 PM PDT by Browns Ultra Fan
Today’s jobs reports showed that labor force participation did not improve since May and remain substantially below pre-Covid levels.
Over the longer term, we can see that M2 Money Velocity peaked around the same time that US labor force participant peaked (1997). And it has been downhill since 1997 with Covid accelerating the decline.
So, it is not just Covid that is killing money velocity and labor force participation. I wonder if The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, had anything to do with M2 Velocity getting crushed?
Nothing has been the same since The Clinton Administration, Alan Greenspan and 1997.
(Excerpt) Read more at confoundedinterest.net ...
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It’s time for the Third Bank of the United States to follow the other two.
The whole thing started back when Wilson was in.
WAY before the Klintoon Crime syndicate got control.
Hell, they tried to sabotage Reagan the SOBs.
AND, I believe they were the ones who killed JFK.
a lot of major legislation was passed in the 1910s&1920s.
1913 was the worse.
From the formation of a new income tax and then a creation of the Fed to boot, the 16th and 17th (Senators elected directly) signed off on..
I remember Perot going off on Clinton for his Fed’s pushing out the debt. In essence, Clinton took out long term loans to make it appear that he had budget surpluses. He pointed out that a business should never use expensive, 30 year capital to fund every day expenses. People living on HELOCs in 2008 learned that lesson.
Problems with The Fed go further back then Bill Clinton, way back to Day One in 1913.
Read Dr. Murray Rothbard’s book, “The Case Against the Fed”. You will find out everything you need to know.
Go back to the beginning in 1913, your trying for a easy explanation.
Reagan really helped start the Credit binge by The Fed and we have been watching the havoc for the last 40 years.
The concept of the velocity of money was invented to make some concocted Keynesian formulas balance.
At this moment, you hold title to a certain amount of money. Whether you spend it today or don't, you will not affect its value.
Only the Fed can do that by printing more or less.
“The concept of the velocity of money was invented to make some concocted Keynesian formulas balance.”
So you think a billionaire who keeps all of their money in a vault will have the same inflationary effect as someone who spends all their money?
How does that make any sense?
I believe they were passed on the day or so prior to Christmas. Just like Obastard care.
Cant remember now..
Paul Volker tried to sabotage Reagan.
Heck, even US Grant hated the critter and took steps to keep it in the hell hole that it deserved.
Grant was not the terrible president we all make him out to be. He had a terrible habit of appointing people of subversive character. Sound familiar? Who does that sound like? Trump.
Oh my Lord, you poor thing, Reagan did in Reagan. Deficit spending really started under him and has never stopped, of course the Democrats helped also.
You really need to do some research.
Upcoming headline: How Trump Destroyed the Federal Reserve, IRS Hardest Hit.
this nation is on the same path as rome. I really don’t see any way of avoiding the same fate.
And the bailouts to Wall Street get exponentially larger each crisis.
I think your wizzing up the wrong tree buster.
Anyone needs research it is yourself. You will find out, if your capable, that Volcker caused a double dip recession through his manipulation of the interest rates.
We are done. Go find another to post your ignorance.
Your ignorance is noted. Volker raised rates to break inflation, rates started going up under Carter. What would you have done?
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