Washington overspends and overborrows — the Fed enables Washington to keep doing it, thus pumping money into the marketplace. That money goes first to megabanks — by the time it drips down to the wage earner, prices of goods have gone up faster than wages have.
If Washington were to reverse this action by cutting taxes and cutting spending even more, there would be less money in the marketplace, and prices of goods would fall faster than wages fall
Guess what? The citizenry would scream bloody murder. Washington, which only cares about feeding at the public trough, has brainwashed the citizenry into thinking that government is doing good by pumping money into the marketplace.
The existing system will collapse — politicians aren’t going to straighten things out. Meanwhile how can anybody expect workers who have no skills to deserve a big raise in relation to skilled workers when employers can easily replace the unskilled workers? Are consumers supposed to pay for this in higher prices? It’s wonderful being Goody Two Shoes as long as somebody else foots the bill.
The solution is to train unskilled workers to take better jobs.
Washington overspends and overborrows — the Fed enables Washington to keep doing it, thus pumping money into the marketplace. That money goes first to megabanks — by the time it drips down to the wage earner, prices of goods have gone up faster than wages have.
If Washington were to reverse this action by cutting taxes and cutting spending even more, there would be less money in the marketplace, and prices of goods would fall faster than wages fall
Guess what? The citizenry would scream bloody murder. Washington, which only cares about feeding at the public trough, has brainwashed the citizenry into thinking that government is doing good by pumping money into the marketplace.
The existing system will collapse — politicians aren’t going to straighten things out. Meanwhile how can anybody expect workers who have no skills to deserve a big raise in relation to skilled workers when employers can easily replace the unskilled workers? Are consumers supposed to pay for this in higher prices? It’s wonderful being Goody Two Shoes as long as somebody else foots the bill.
The solution is to train unskilled workers to take better jobs.