Posted on 05/26/2013 1:09:04 PM PDT by blam
Of course, the “liquidity trap” is fixed with higher taxes.. keeps the velocity of money going. /s
More government spending? Idiots!! ObamaCare alone is going to tank us.
"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
In the 1930,s Keynes could say "in the long run we're all dead." Well guess what? The long run is here now.
We have experienced 6% inflation for the last 5 years running, these moneychanger fraudsters are the problem, and they have been since the beginning of Recorded History. Our entire monetary system is based on fraud and deceit. The biggest problem we have is the FED itself. But with scumbag fraudsters like this pumping their “Print more money” schemes, along with their accomplices in the media and the Government, we are SCREWED. Maybe one of these moneychanger assholes would like to explain what the inflation rate would be if we calculated the same way we did in the 70’s. Can you say 8%?? The price of ENERGY has more than doubled, the price of food also. The food that hasn’t doubled has decreased portions, a half gallon of Ice Cream is now 48 ounces.
We don’t need more government spending. At least not with this President.
What we need is to reindustrialize and provide jobs for the 23% unemployed (Shadowstats.com). To do that, we need to restore the import tariffs back to where they were 40 years ago. And maybe even go higher until industry has a chance to recover.
We could lower the income taxes by the same amount as the tariffs so that it’s revenue neutral. The income tax decrease would further boost the economy and offset any higher product prices on foreign imports.
Government revenues would increase and gov’t outlays would decrease as people went back to work, which would fix our budget deficits.
I think it’s called”Too Many Dollars Chasing Too Few Goods”?This leads to”De-Flation”which,(in turn),leads to”INFLATION”!!As far as economics goes,did ANYBODY in The White House study ANYTHING except for the old Soviet Union’s”Five_Year Plan”?????????????????????????
The only way to get money in the hands of the people is to lower taxes. The leftist Keynesians will never do that.
You are such a quaint 18th century person. /sarc
“To do that, we need to restore the import tariffs back to where they were 40 years ago. And maybe even go higher until industry has a chance to recover.”
We need to put them back at the levels of the late 1800s, which is to say, enough to run the government off of. Then abolish the income tax altogether.
The “liquidity trap” is all the American dollars going to China.
We are buying imports.
This helps nobody. Except for Chinese.
If we want a free market, we better protect it from the likes of China. We are trading with markets that are not free. That do not purchase U.S. goods in return, but instead use the dollars they raise to purchase our manufacturing know how.
And while I want the EPA brought under control and due process before they can levy fines, I don't want pollution deregulated. I want rivers and lakes we can swim in and air that's fit to breath.
And I'd love to see some deregulation, but I'm not hearing anybody say specifically what they would deregulate except to mention whole agencies that wouldn't fly with me and wouldn't fly with most Americans. I don't think anybody really has a plan to deregulate.
If we want a free market, we better protect it from the likes of China. We are trading with markets that are not free. That do not purchase U.S. goods in return, but instead use the dollars they raise to purchase our manufacturing know how.
And while I want the EPA brought under control and due process before they can levy fines, I don't want pollution deregulated. I want rivers and lakes we can swim in and air that's fit to breath.
And I'd love to see some deregulation, but I'm not hearing anybody say specifically what they would deregulate except to mention whole agencies that wouldn't fly with me and wouldn't fly with most Americans. I don't think anybody really has a plan to deregulate.
”Too Many Dollars Chasing Too Few Goods”?This leads to”De-Flation”
No, too many dollars chasing too few goods never leads to deflation. It would lead directly to inflation, like we experienced in the ‘70s.
What lead to deflation in the ‘30s was the collapse of the money supply, specifically the credit component of the money supply as banks failed. If we are experiencing deflation now it will be due to a vast amount of mortgage loans going bad inside the banking system.
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