Tuesday, December 10, 2013

Wrong about everything

Republican Inflation Paranoia Is Political Suicide - Bloomberg

It's really amazing that so many can literally be wrong about everything. Well, with one exception, which gives me hope.

The unnamed "Republican politicians" who have been whipping up fears of inflation, in the face of inflation rates well below the Fed's too-low target level.

Consumers who, following Faux "Fear-O-Vision" News' constant rants, actually believe that inflation is high.

The idea that a gold standard economy is desirable to anyone at all.

But what gives me hope is this:
The third and biggest risk is that Republicans would eventually gain power and then impose an excessively tight policy. Errors of this sort have in the past proved disastrous - - not only economically but also, for conservatives, politically. Excessive tightness by the Federal Reserve made the New Deal possible in the 1930s.
Yes, we need for the Über Wingnuts to actually get what they want, destroy what's left of the economy, and make it crystal clear what they really want- a feudal society of powerless serfs beholden to them for the very air they choke on.

As long as that happens before democratic governance is completely destroyed, I can hope the people will finally understand that the short-term goals of the richest Americans are not in the best interests of the rest of the country.

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