In response to:

Push the Fed Over the Cliff

jmonaco Wrote: Dec 03, 2012 11:02 AM
KT -- I like your subtle reference to "shoddy" quality. Not only are the tangible goods, in general, pretty shoddy. So also are non-tangibles like service. Even the underlying systems that construct, distribute, and maintain the creation and flow of economic activity have reached a state of shoddiness where goods must be replaced every few years and breakdowns and disruptions are occurring more frequently. Without a revolution in thinking, it is pretty clear to me where the nation is headed.
wcouch Wrote: Dec 03, 2012 11:14 AM
that's to make shure that the economy moves along, plastic cars, plastic everything. I have stuff that still works from the late 30's functional needs paint, but, starts want find that these days.Like you said, SHODDY workmanship, and that's because the employee is upset at the boss because he can't get a raise. Look at how they rail when the want to raise the minum wage.

Stop worrying about the ‘fiscal cliff.’ Spending cuts would feel therapeutic after watching Standard & Poor's and Egan-Jones downgrade our credit rating and seeing President Obama add $6 trillion to the national debt. The way to avert another recession and massive inflation is to eliminate the unconstitutional Federal Reserve.

There are two ways for politicians to “pay” for their spending. They can be transparent and raise taxes extremely high across all income levels. (This is not happening because politicians know Americans would riot.) Or, they can be sneaky and “monetize the debt,” which means allowing the Federal Reserve to print money...