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

Teresa3 Wrote: May 30, 2012 7:08 PM
Paulus- You hit the nail on the head!! (with the exception of not voting for Romney...) I lean strong Libertarian but will vote for Romney. No candidate is perfect. We just need to keep the pressure on all these ya-hoos to convince them we need more liberty, not less. More sound policy, not illusions. Good article from Benko. Keep pounding the drum.

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...