De Blasio: ‘There Is Plenty of Money…in This Country, but, it’s in the Wrong Hands’

CNS News ^ | February 19, 2019 | 10:14 AM EST | Craig Bannister

[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 NBC’s “Meet the Press,” de Blasio claimed that Amazon’s 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; we’re raising wages; raising benefits, giving people universal health care. We’re proving that progressives can achieve those things.”

[SunkenCiv]

Thanks E. Pluribus Unum.

• Nancy Pelosi -- Net Worth EST. $29 MILLION
• The Congresswoman Loves the Swamp (AOC's Wealthy Chief of Staff used a PAC to Pay Her Boyfriend)

[Bedford Forrest]

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.

[DoodleBob]

I loved Free to Choose, and love his videos where he discusses the matters people bring to him. I recall an interview with him, explaining that he got his start collecting price data for the government's statistics. He said he was redlined because he was Jewish, but clearly that didn't keep him down.

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.

[econjack]

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.

[lowbridge]

I think that was the very sentiment of Jesse James.