I get the economics butthead! Exactly, where is the inflation? Where was it in 2009 when money appeared out of nowhere, but federal taxes remained the same?

The US government, Australia, and UK, and most governments, use deficits, taxes, wages, and all aspects related to the budget to gain votes. They also use a heck of a lot of fear to engage voters. The economy is used by the government to hold us hostage by wrangling our votes. Imagine if fiscal policy’s importance was significantly reduced because there was enough money to ensure the public was supported with basics. Of course, monitoring inflation, deflation, money supply, and where investments should be made, will remain a public issue, but to drive us to vote for a politician who will lower the deficit, is umm horseshit. Ha.

MMT works best and controls inflation if there is 0 unemployment rate. The government could and should right now, invest in the country to create jobs. Everyone who wants a job, should have an opportunity to work. I agree, outsourced manufacturing jobs should either return and/or investing in new technological developments like renewable energy, and manufacturing them inhouse, would create jobs. What the country needs, is investing in the infrastructure of the country, providing a liveable wage for all, and perhaps paying for domestic work. A universal basic income would also help, as well as providing healthcare for all.

The stock market is manipulated and a poor indicator of the economic health. I use kitco.com to get an idea via gold to see what’s going on with dollar. I’ve used this method since 2007 (more or less). Every day since I can remember, the price of gold is driven down as soon the NYSE opens for the day. This implies as soon as NYSE opens, investors are making moves that drive down the price of gold, but throughout the day, it begins to bounce back to its real value. Gold and most commodities gain value as the USD tumbles, and although this article is from 2014, it explains the fed reserve manipulation on gold prices, it helps to understand how they manipulate the stock market.

I was just listening to an economist talk about the stagflation of the 70’s and the many variables causing it. I wanted to know why we have more or less ditched Keynesian economics for a libertarian Friedman’s free-market capitalist approach. This is not working out for us. Ha. Let’s return to the pre-70’s economics but better.

I really hope we can turn this shit show around. This is so scary. Ugh.