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U.S. GDP has been boosted by government deficit spending in excess of $1 trillion per year. Removing the temporary effects of extraordinary deficits, U.S. GDP remains negative. Compounding the problem, loose monetary policies, rather than spurring lending to consumers or small businesses, have created inflationary pressures and have lead to stagflation. Rather than putting Americans back to work, inflationary policies have helped to push prices higher. Based on U.S. Consumer Price Index (CPI), the official inflation rate in the U.S. is roughly 2%, but the CPI does not accurately measure the cost of maintaining a constant standard of living. Using the same methodology as in 1980, the CPI should be 9.3% currently.
U.S. GDP has been boosted by government deficit spending in excess of $1 trillion per year. Removing the temporary effects of extraordinary deficits, U.S. GDP remains negative. Compounding the problem, loose monetary policies, rather than spurring lending to consumers or small businesses, have created inflationary pressures and have lead to stagflation. Rather than putting Americans back to work, inflationary policies have helped to push prices higher. Based on U.S. Consumer Price Index (CPI), the official inflation rate in the U.S. is roughly 2%, but the CPI does not accurately measure the cost of maintaining a constant standard of living. Using the same methodology as in 1980, the CPI should be 9.3% currently.
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CONTINUED: of things corrupts the spirit of fairness. An old story tells of three men who share one eye by passing itback and forth among themselves. Democracy is a process for ensuring that each gets an equal session with the eye. Capitalism fosters a desire to keep the eye and not share it. A rulebook, as I have said else where is an end in itself, not a means. It is intended, optimistically, to work for ever, not until we have reached a particular goal. The world does not come to an end when the nine billion names of God are uttered. Freedom of speech is not over when we have uttered a certain thing. Democracy as a rulebook is not intended to operate only until a particular individual or class has enough money.
CONTINUED:A Martian visiting earth would not be able to see democracy. It is intangible, a rulebook we have agreed to which says that no-one shall be denied opportunity, freedom of speech, or the due process of the laws. The Constitution does not say that "all men are equal"; it says we are all "created equal". This is the same thing I just said: we each have our shot. Some will come at it with more on the ball than others. If society is not hanging around our neck like an anvil and we are honest with ourselves, we will be content. "In the long run," said Thoreau, "men hit only what they aim at. Therefore, though they should fail immediately, they had better aim at something high."But the substantive corrupts the procedural, when the love
CONTINUED: public does not, that substantive without procedural justice, for example, the lynching of a guilty man, is not justice. The converse is also true: careful process is not justice if it does not lead to a fair result. Means and ends, roads and endings, must be in harmony with each other. Democracy is a consensual hallucination of people concerned with how to divide opportunity fairly. Our Constitution guarantees "life, liberty, and the pursuit of happiness", not happiness itself, which cannot be guaranteed to anyone. It makes a tremendous difference to know that in our country you have a shot, at least, at being president or Rockefeller.
Democracy and Capitalism Democracy is the process by which we get ourselves organized to perform capitalism. One imagines that in early times, human activity soon divided itself into two parts, again involving the substantive and the procedural: what we wish to do with our bodies each day and how we will collectively organize ourselves to do it. Capitalism is today's version of the what and democracy is the how. ‘The what’ and’ the how’ collaborate to an extent, then battle each other. Democracy and capitalism are like a lion and a bull pulling a sled together. The bond holding the substantive in balance to the procedural is always a fragile one. In our system of laws, this balance creates justice. Our most thoughtful judges know what the
In response to:

Don't Count Out the Act of God

ppalms Wrote: Nov 01, 2012 7:26 PM
The Fed is not raising markets. The market is reflecting the decreasing real value of the Federal Reserve Notes, The Fed is not Federal and has no reserves. Remember in the 1930 Germany printed a lot of money like the Fed and a loaf od bread rose in price to one million marks. Pretty soon the stock markets will quote in ounces of gold instead of FRNs
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