Posted on 02/19/2019 7:24:23 PM PST by E. Pluribus Unum
I say, there is plenty of money in this world, plenty of money in this country. But it's in the wrong hands, New York City Mayor Bill de Blasio (D) declared on Sunday.
Appearing on NBCs Meet the Press, de Blasio claimed that Amazons decision not to open a corporate headquarters in New York City is proof that wealth is in the hands of the wrong people:
Let's be clear: No one chased away. This was Amazon's arbitrary decision. We had an agreement. If I made an agreement with you, and there were issues that came up, but we had an agreement, you wouldn't call me in the dead of night and say, 'Hey, we're taking our marbles, and we're going home.' Let's be clear about who made this decision. And this is the problem.
When you have so much wealth and power in the hands of very few, it does not work for working people. I say, there is plenty of money in this world, plenty of money in this country, but it's in the wrong hands. And Amazon is making my point for me. What they did was arbitrary and unfair to working people."
Mayor de Blasio also argued that progressive policies can both redistribute wealth and stimulate economic growth:
I think the challenge is to show we can do both, and in New York City we are doing both. We have 4.5 million jobs; were raising wages; raising benefits, giving people universal health care. Were proving that progressives can achieve those things.
(Excerpt) Read more at cnsnews.com ...
Thanks E. Pluribus Unum.
Ah, Yes, the Philosopher King of Life and Political Economy, Ludwig von Wilhelm de Bellatio, angling for Nobels in Redistribution, K-12 Thought Control and Soylent Eldercare.
I am not a Monetarist and I believe he said, later in life, that targeting money supply wasn't as worthwhile a practice as it had been previously. Nonetheless, he remains my favorite economist and one of my favorite defenders of liberty.
Part of the reason the Monetarist have lost their following is due to a number of factors, including losing their best spokesman. More complicated though are the “near monies” that are not controlled by factors the Monetarists advocate and control. I also think the relative price stability that’s followed the Carter years with his 21% prime interest rate has resulted in a de-emphasis on Monetary policy.
I think that was the very sentiment of Jesse James.
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