Two things:
1) what you are missing in my arguments is that I am showing the logical fallacies of the Fed and Dem claims that loose monetary policies benefit the 99%. I've amply demonstrated that they do not. They are the ones claiming their policies benefit the 99%, yet even you admit that this recovery is stagnant. So is QE doing the trick? No.
2) I think hard money is better than the stealth tax of fiat plus a 2% targeted inflation rate. However, my preferred solution to money is to let the market decide who they want to transact in what medium and don't put artificial penalties on the money they decide to use. So why is gold taxed and why are they trying to scuttle bit coin? They need to stop all that and let the USD have competition against it. In addition, the price of money should be allowed to float. The Fed sets the interest rates, which in a debt backed fiat currency like the USD, simply means the interest rate is the price of money. So why won't the Fed let the market decide what the price of money is? Simply, because they are manipulating rates, to manipulate currency, to make carrying our debt easier, while implementing a stealth tax that absolutely CLOBBERS the 99%, while enriching the 1%, who get access to the newly printed QE and low rates first. One rule in economics we should all agree is true is that the people who get access to new money and low rates first ring in 99% of the benefits of that largesse. Think about that.
My points are clear. The 99% never have benefitted from this kind of policy as much as the 1% and they never will. The deck is stacked against them and the Dems are lying through their teeth when they say they are for the 99% over the 1%. There actions speak louder than their lies.
As far as the Dems winning in 2014 and 2016, I have no doubt you are right. The GOP is in disarray and have adopted small tent policies, so they are getting what they deserve. In addition, Americans by and large are fully bought into the idea of the nanny state now and they are clearly addicted to nanny Keynesianism. So they will stick to that to the bitter end. When that end will come, I don't know, but it will. You can only take so much heroin before it kills you. |
