[Leisler]

There is no “The Economy”. There are 300 million economies, each with different values, wants and needs.

What you mean to say as “The Economy” is some vague, elitist notion of what they as a class feel is the present desired economy. Basically big gov, big fiance and their associated Mini-me’s.

The notion of a single, unifying economy is very anti-democrat, anti-liberty. It is vaguely central finance planning to the benefit of the state and those that strap them selves, and the state to themselves as one.

[Domalais]

The market is highly resistant to deflation, specifically in the labor market. A low rate of inflation allows real wages to decrease without pay cuts - employers simply freeze pay or give raises which are less than the rate of inflation. This avoids the market trauma of actual pay cuts, which have severe impacts on consumption and consumer confidence.


What you mean to say as “The Economy” is some vague, elitist notion of what they as a class feel is the present desired economy. Basically big gov, big fiance and their associated Mini-me’s.

What total BS. It's not the California Reserve, the Your Living Room Reserve, or the Cleveland Reserve. It's the Federal Reserve, and its bread and butter is the Federal economy. Is your proposal that each state have its own currency and reserve bank? Or do we need more reserve banks than that?