If you are a Fat Cat, then you know that you need to get the little guys screaming about a collapse so that they feel relieved when the Fed sends more Billions into the Fat Cats’ pockets for “bailouts.” Whew!
Can’t have the Fed tapering too much, might cut off the gravy train for the .01% government handouts to the hyper-wealthy.
Collectivism in America only benefits the rich and the poor.
The truth of the matter is a large majority of the people in this country have no idea the “markets” are even there. And many, like me, know they’re there but don’t understand them very well.
My theory is simple. If everyone makes money selling “stuff” to each other the prices will always go up. Eventually it all has to crash and start all over. I always think about Justin Wilson’s story about two friends who kept selling their mule back and forth to each other.
I’d like to see some researcher, maybe at Heritage, deconstruct all the moves FDR made to bail out the economy. I often wonder how much of that effort and money went directly to his political cronies.