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To: Signalman

I’ve got my own “Austrian” view of this.

Printed fiat money, allowing massive financialization, manipulation of interest rates, and government debt - gives vast social-engineering power to government, monetary redistribution ability to political blocs, and financial skimming opportunities to financial cronies.

“Green Energy” is our latest and greatest example of this.


5 posted on 08/08/2024 12:25:10 PM PDT by PGR88
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To: PGR88
I've got my own "Alberta's Child" view of this ...

You are seeing an inevitable dilemma with a modern economy like ours.

When you have the highest standard of living in the history of mankind, you have reached a point where: (1) your citizens have all they really need and don't have to buy more, and (2) your citizens can no longer afford to pay the cost of buying what they produce.

You end up with a completely untenable and unsustainable environment where everyone wants to pay Walmart prices while working for $50/hour. The only way to keep this charade going is to have more and more people employed in jobs that don't actually involve producing things that people buy voluntarily. Instead, these people must work in jobs where they "sell" to "customers" who have no interest in buying what they sell: through government, regulation, mandates. etc.

7 posted on 08/08/2024 12:35:11 PM PDT by Alberta's Child (“Ain't it funny how the night moves … when you just don't seem to have as much to lose.”)
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