This whole thing WILL come to a head. The whole economy is like a beater car that’s been repaired with duct tape, wire, and some thicker motor oil.
It doesn’t keep running that way indefinitely. It does eventually break down.
The only thing keeping western civilization together right now is the duct tape of media lies and the wire is things like “QE infinity”. The thicker oil is a rank and file population that doesn’t want to see anything but the pink ponies, so they buy it, knowing deep inside that it’s not true.
And one day an event happens that brings the whole thing down. The longer it is allowed to continue on as “business as usual” even though it is anything but, the faster and greater the calamity will be when that event happens.
The whole of western civilization is waiting for the one black swan.
The Phillips Curve is DEAD!
I agree 100%.
Our government isn’t about jobs. Problem is neither are Republicans.
Nobody is about jobs.
Everyone is sending jobs to China, which now exports more than America does in the world.
Bring back American jobs. Now.
The problem (imho) is that people seem to have gotten it in their little minds that the Fed controls the economy. Left wingers push it so they can avoid being blamed for all the harm they're doing. Right wingers push it so they can sell their gold for $2k/oz. Economists push it so they'll get named to cushy gov't positions. Fact is that raising GDP by cutting interest rates never really worked that well and is now totally spent.
They can’t handle the money.
We seriously risk electing the next Hitler on a promise to recreate the WPA.