don't knock the guy, he has no good option. they're stuck. they cant inflate further because it fucks with the social contract too much, and they can't inflate less because they need to pay the handouts (to both lower and upper strata), or they get a revolution.
the actual resource cost of bribing useless parasites into not blowing up moden society exceeds what said society can produce to such an extent that even borrowing against its kids' future isnt enough.
The Fed could start by ceasing their bailout programs of banks, MMFs, and even non-financial corporate entities. Currently we have a moral hazard where certain people can gamble with the economy and keep their jobs regardless of what happens, all in the name of "stability."
The gambling with other people’s money needs to stop. Honestly, with some of the moves these financial institutions make, I’d rather them play in a rigged mob casino because at least there would be a chance of winning something.
don't knock the guy, he has no good option. they're stuck. they cant inflate further because it fucks with the social contract too much, and they can't inflate less because they need to pay the handouts (to both lower and upper strata), or they get a revolution.
the actual resource cost of bribing useless parasites into not blowing up moden society exceeds what said society can produce to such an extent that even borrowing against its kids' future isnt enough.
there is no way to make this work.
The Fed could start by ceasing their bailout programs of banks, MMFs, and even non-financial corporate entities. Currently we have a moral hazard where certain people can gamble with the economy and keep their jobs regardless of what happens, all in the name of "stability."
The gambling with other people’s money needs to stop. Honestly, with some of the moves these financial institutions make, I’d rather them play in a rigged mob casino because at least there would be a chance of winning something.
that goes into my "upper strata handout" bin.
they can't stop funding parasites or they will get overthrown.
I don't know man, bullets are relatively cheap, especially when you buy at the scale the federal government would need to buy to put down the leeches.
There's a way to make it work. It's just not very nice, and involves a mountain of corpses.