I SUGGESTED HERE THAT THE FED SHOULD TARGET ASSET PRICES AND FORGET ABOUT JOBS AND WAGES....
SINCE THE US ECONOMY IS BASED ALMOST ENTIRELY ON ASSET PRICE BUBBLES NOW...AND NOT REAL JOBS WITH A LIVING WAGE...
AND VIOLA! THAT IS EXACTLY WHAT THEY SEEM TO BE DOING...
THE FED HAS TOSSED INTEREST RATES ASIDE... AND IS NOW SIMPLY BUYING ASSETS TO DRIVE UP THE PRICE...
IS THAT A SUSTAINABLE POLICY...?
WHAT IS LACKING IN EVERY ACTION BY WASHINGTON AND WALL STREET IS THE NOTION OF SUSTAINABILITY...
OK WHAT WOULD BE SUSTAINABLE...?
NATIONAL HEALTH CARE...WOULD BE THE GREATEST "INFRA-STRUCTURE PROJECT" TO GET "MORE JOBS" INSIDE THE US ECONOMY.
AND TARIFFS OR QUOTAS ON GOODS FROM LOW WAGE NATIONS WOULD BE A GREAT WAY TO GET MANUFACTURING BACK INTO THE US ECONOMY...
TO SIMPLIFY...
NATIONAL HEALTH CARE...AND A NATIONAL MANUFACTURING BASE AND AN INDUSTRIAL POLICY ARE THE ONLY WAY TO SAVE THE US ECONOMY...
FOR SOME REASON WASHINGTON THOUGHT THE AMERICAN ECONOMY DID NOT NEED THOSE BASIC POLICY PROTECTIONS... SORRY...WRONG!
ALL THIS OTHER BULLSHIT IS JUST REARRANGING THE DECK CHAIRS ON THE TITANIC...
