More inflation. More debasement of the currency.
Somehow, Bush and Greenspan will have actively done this rather than Obama and Yellen.
If conservatives really want to kill progressivism and pull it up, roots and all - kill the Federal Reserve.
You can not have the unlimited welfare state without nationalization of the currency and Central Bank controlled interest rates.
Its clear that the ONLY thing that has saved Obama these past 5 years has been the Fed’s monetization of $ Trillions in Federal Government debt, and the FED’s flooding the US economy with money.
Imagine what the US government would look like if it could only spend what it could bring in in taxes, or borrow at REAL interest rates?
They can`t end it and they know it. If the DARE stop printing money the DOW collapses, interest rates skyrocket.
DOW drops because it is now soley dependent on easy Fed cash and interest rates explode because the Fed would be forced to buy less T-bills and countries don`t want to buy them.