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2012: Good Money (And Jobs) vs. Easy Money (And Stagnation)

nsdoijsfd Wrote: May 30, 2012 10:13 PM
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The 2012 presidential election is shaping up to include an argument over opportunity versus equality. The American economy has been stagnant for a decade. Income for working men has been stagnant (or even contracting) for 40 years. Why?

40 years ago is when America started abdicating its classical high-growth monetary policy, the gold standard. We abandoned good money to chase after a chimerical improvement of easy money — ostensibly to promote job growth. But as 40 years of wage stagnation has shown, easy money has failed.

Now the GOP, which was complicit in the abdication of a good...