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Socialism Vs Sound Money vs Jobs

serfserf Member Posts: 9,217 ✭✭✭✭
edited May 2022 in Politics

This is the main problem for The US politicians in the near future. We have the center right & left in our two party system trying to bring back a working budget without a huge deficit spending in the future

As we go through the green new deal with no cheap energy source then the standard of living is going down.All the talking Heads on Meet The Press for solutions to our present conditions is just window dressing for votes.

So The Great Reset with The new green deal is unworkable without cheap energy with renewable energy unless High Taxes on The Super rich world wide comes first with socialism with so called new service jobs with new scientific discoveries for energy.

Of course plagues,famines and wars could cull the herd which is more highly likely instead. Read about The Four Horsemen in The Bible for reference if you are interested.


Freedom and Sound Money

The government controlled fiat money system has no inherent limit to money and credit expansion. In fact, quite the opposite holds true: Central banks, the monopolistic suppliers of governments' money, have actually been deliberately designed to be able to change money and credit supply by actually any amount at any time.

To prevent abuse of their unlimited power over the quantity of money supply, most central banks have been granted political independence over the past decades. This has been done in order to keep politicians who, in order to get reelected, from trading off the benefits of a monetary policy induced stimulus to the economy against future costs in the form of inflation. In addition, many central banks have been mandated to seek low and stable inflation—measured by consumer price indices—as their primary objective. These two institutional factors—political independency and the mandate to preserve the purchasing power of money—are now widely seen as proper guarantees for preserving sound money.

Be that as it may, Mises's concerns appear as relevant as ever:

A first step for moving back towards the sound money principle—which is doing justice to the ideal of a free society—would be to make monetary policy limiting—e.g., stopping altogether—money supply growth.

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