Overall, almost exactly what I would have written 10 years ago... not bad. He could probably either lose his paycheck or think deeper and actually get it right. Pretty conventional establishment analysis.
I used to believe the same econ propaganda. Til I dug deeper.
Here is the big one.... there is no good reason to predict systemic inflation if the FED govt borrowers the money they are spending. I was taught in school the reason we borrow the money instead of just exercising our sovereign right to print is to avoid the inflation that accompanies printing. That is basic econ... makes sense... and always forgotten by FED apologists who blame inflation on the government instead of the FED.
I repeat... What is the point of borrowing the money... if it were not to avoid inflation? Why would we just not print the deficit instead of borrowing it.
So everything your guy wrote... is based on a flawed assumption. Although his prediction are probably correct. The FED is probably in control and they will pretend they have to raise interest rates because of the deficit...
That is just part of the FED Kabuki.
2. I note... that raising tariffs systematically and properly could increase manufacturing and jobs here at home? Hereby improving the economy and our national security and eliminating the need for a Federal income tax. Perhaps a massive boom for the economy.
3. I could name a few more... but I will wait. Oddly, I do still feel a pull to his type of logical but conventional FED propaganda... I mean analysis. And pragmatically speaking I doubt the Ryan and McConnell and the hundred of other politicians the FED owns through their surrogates tied to their money pump will ever let our economy be restructured away from FED control via income tax and deficit borrowing.
I used to believe the same econ propaganda. Til I dug deeper.
Here is the big one.... there is no good reason to predict systemic inflation if the FED govt borrowers the money they are spending. I was taught in school the reason we borrow the money instead of just exercising our sovereign right to print is to avoid the inflation that accompanies printing. That is basic econ... makes sense... and always forgotten by FED apologists who blame inflation on the government instead of the FED.
I repeat... What is the point of borrowing the money... if it were not to avoid inflation? Why would we just not print the deficit instead of borrowing it.
So everything your guy wrote... is based on a flawed assumption. Although his prediction are probably correct. The FED is probably in control and they will pretend they have to raise interest rates because of the deficit...
That is just part of the FED Kabuki.
2. I note... that raising tariffs systematically and properly could increase manufacturing and jobs here at home? Hereby improving the economy and our national security and eliminating the need for a Federal income tax. Perhaps a massive boom for the economy.
3. I could name a few more... but I will wait. Oddly, I do still feel a pull to his type of logical but conventional FED propaganda... I mean analysis. And pragmatically speaking I doubt the Ryan and McConnell and the hundred of other politicians the FED owns through their surrogates tied to their money pump will ever let our economy be restructured away from FED control via income tax and deficit borrowing.
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