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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (58511)	5/1/2022 8:14:51 PM
From: Lee Lichterman III	3 Recommendations Recommended By ajtj99 kimberley towerdog Read Replies (1) \| Respond to of 97060

Sun - I don't think we need to go as far as physical violence but more "spirited" participation would be welcome. Real man - I don't know what the right answer is. A lot of ideas are valid but are spoiled by corruption and politics. Our founding fathers were smart men. They specifically said that the banks should not be involved in the currency. A banking group has always managed to climb the ladders of power in every failed empire going back thousands of years and became hated for the problems they created. Jefferson warned about repeating the same here but we ignored it. On the other hand, politics prevents necessary but unpopular tight purse strings. Corruption steers money to inefficient projects, friends and family etc. I'm mostly in the Austrian economics camp but see the validity of the Keynesian theory. The problem is that everyone is for the liquidity part of Keynesian theory but no one ever drains in good times. I think we should allow the cleansing of bad debt like the Austrian model allows, allow the junk you mentioned to disappear, dumb investors learn their hard lessons but then goose liquidity to jump start things again but quickly reign it back in as the recovery gains traction. Government programs should be aimed at the bottom. Poor people are poor for a reason I always say. They don't know how to save, invest, make prudent purchases that hold lasting value or provide future income. Give money to the rich and they'll just squirrel it away resulting in no money velocity. Give it to the poor and they'll blow it immediately and the money will churn changing hands quickly as it moves up the class chain until it ends up in the upper saver's coffers anyway. I guess the answer is like my buddy and I say laws should be written. Everything should have an expiration date built in. If it was a good law, they can renew it. If it has problems, they can tweak it and pass a replacement better one. If it was a mistake, let it die. Money printed in a crisis should start automatically start draining after 6 months to a year maybe. I don't know. Make it like congressional pay raises where they don't have to vote on it?