To: Son House
Either our central bank is run by idiots or evil crooks. You can’t sustain a consumer based national economy. Until we return to an economy based on production we will keep sinking into the swamp.
posted on 04/26/2012 4:02:28 AM PDT
(Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
"Either our central bank is run by idiots or evil crooks. You cant sustain a consumer based national economy. Until we return to an economy based on production we will keep sinking into the swamp."
The Federal Reserve is not the cause of our lack of domestic manufacturing and other production. It's only trying to make our move to the bottom as smooth and gradual as possible.
One major, real cause is that of local, yocal regulators and their NIMBY friends (pensioners, government and government-linked business employees), regulating against small development and manufacturing. I'm in the middle of nowhere in a majority Republican County with extremely few residents, and there's a zoning regulation ("law," they call it) against any manufacturing--even a one-horse operation. There's another one against doing any automotive work, more of them against all kinds of property rights.
We have the government we deserve. We're morally bankrupt.
posted on 04/26/2012 12:37:54 PM PDT
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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