Lefties trying to understand Smaug
(media.kotakuinaction2.win)
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Ah, well, as much as I like to call you a GOP partisan, you dissent from the GOP elite on some important points - for the better.
The good thing about death taxes is that it deprives billionaires. The bad thing about them is that it gives money to the government.
It doesn't matter how much money the government sucks up - it's always looking for more. I know this from personal experience. Countries that raised the age of retirement just threw the savings into 'climate change' idiocy.
I'm not an 'End the Fed' kind of guy, but I was very shocked when I discovered that the Fed buys stocks. How much of the current economy is just a bubble?
GOP is going to need to be a hybrid populist party in order to win. Trump changed that. The Democrats are now a very elitist party, so their populist flank is very open to attack. DeSantis knows this & has been exploiting that in Florida.
This is what "quantitative easing" has always been. The Fed just prints money then uses that money to buy securities like stocks & bonds.
This is one of the main drivers of inflation. The other being just raw government spending of additional trillions.
I agree, though I think the power of campaign contributions (i.e., bribes) will prevent the GOP from doing what it has to do to be a viable party.
Amazing how it took 11 years for me to figure out what QE is precisely. I knew it was pumping money into the economy, but I thought it worked through interest rates - by lowering them and allowing the creation of more money.