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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (1161789)9/4/2019 2:22:02 PM
From: Tenchusatsu  Read Replies (1) of 1573829
 
Mindmeld,
Deficits DO matter and the Fed should be ended.
And what do we replace the Fed with? Monetary policy has always been controlled by elitists in the proverbial "smoke-filled rooms."

Heck, our entire system of representative democracy is one where a political elite, elected by the people or appointed by the elected officials, run the government. In other words, we'll always have the "deep state."

The trick, however, is to keep the power of government limited. That doesn't mean abolishing the Fed, because the instability that would result could lead to even bigger government. But it does mean continuing to focus on the core priorities of government, and nothing more.

That's the way we'll fix the deficit. Not by nuking the system, but by shrinking it and making it more efficient and manageable.

Tenchusatsu

P.S. - I remember having a similar discussion about shrinking government with Combjelly, but that guy came up with the excuse of "an efficient government is more efficient at violating your rights." Cause you know, a bloated, inefficient government is oh-so-friendly to individual rights.
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