I certainly did not say we don’t want tax cuts.
When the cuts hit and they will or else there will be a revolution, the people who have savings will be wiped out. People on fixed incomes will be eating dog food for supper if they can afford it.
I am all for the tax cuts, in fact I believe that is the ONLY way the economy can recover. I just feel sorry for all the boomers who will be left holding nothing but an empty bag of promises.
I do not predict when the collapse will occur, but, occur it will. Fiat money has collapsed every society that has tried it since the world began. It will do us in too. The ride is fun for a while but the fiddler will be paid.
The NASDAQ's down 24% since 2000 but that doesn't mean we've been having 2% annual deflation for the past 14 years.
You can't increase the M1 by 4 times and not expect inflation.
Sure we can. Inflation is not a change in any of the measurements of the money supply --it's a change in prices. So we've had an enormous surge in the money supply; we've also had an enormous drop in money velocity because the economy is so bad nobody's doing anything with the money they got. While America's got a serious problem with Marxists wrecking the economy, my theory is that one of their strategies is to tell everyone to just worry about the evil bankers and their fiat money.
The FR seems to be infested with trolls spreading this nonsense.