Showing posts with label Inflation. Show all posts
Showing posts with label Inflation. Show all posts

Lex Anteinternet: Cliffnotes of the Zeitgeist. XLVIV. Fatigue.

Lex Anteinternet: Cliffnotes of the Zeitgeist. XLVIV. Fatigue.

Cliffnotes of the Zeitgeist. XLVIV. Fatigue.


September 3, 2023.

U.S. Rep. Cory Mills, R-Florida, and articles of impeachment, and issue/culture fatigue

Apparently, Rep. Mills has nothing to actually do.  Perhaps somebody can find something for him, so he has real problems to work on.

I can't help but note that District Attorney Willis in Georgia made a suggestion of that type to Representative Jim Jordan, expressing what is undoubtedly a widely held view that people are really tired of Congress acting like a bunch of children all the time.  

Most people are tired of this.  And by that, I mean a Congress that is monkeying around with bills that aren't going anywhere and are of the nature of throwing gasoline on a fire. We know that this impeachment is going nowhere. We know that a recent bill to do away with the Department of Education isn't either. We know that shutting the government down, which is going to happen soon, just causes the government to lose money.

Some people out in the audience of society may believe that all of this serves to get something done, but it sure isn't obvious.  Most people are simply tired.  Of course, this helps whip up a pre convinced base even though nothing is actually going to happen on a lot of these things.

Relating to fatigue, on another topic I posted on, that being the upcoming Synod on Synodality, I suspect a lot of Catholics are tired of this topic:

Dread and the Synod on Synodality.


At some point, constant change and the search to change things wears people down.  A good argument can be made right now that after Covid, and after a lot of people, would just like things to calm down for a while.  That's part of the reason, I suspect, that younger people are looking back to more traditional times, and maybe that the whole culture is, except in certain quarters.

That may explain why the leaders of the Church, or some of them, are keen on a synod on synodality, as difficult as it is to figure out what that means, while globably, in the pews, only at most 2% of Catholics participated in the survey process.  That alone should give the participants in the synod pause, as it may very well mean that the 2% that responded doesn't reflect anywhere near a statistically signficant number of Catholics.  It may well be that the maybe 5% or whatever of Trads in the parish this morning do.

Of course, part of the reason changed, including unwanted ones, occur is that most people are just busy living their lives. That means people who have what a lot of us do not, surplus time, tend to be reflected in change.  In some instances, that's because of the way that people are employed.  It's ofen noticed by some that institutions are resistant to change, but by the same token, change can be forced on members of an institution simply becuase somebody in charge wants to change things, and everyone else just has their shoulder to the wheel and can't really take note until the change arrives.

On people in different quarters, and obviously wanting things to be different, Saturday I was driving up a really busy city street and saw, on the sidewalk headed towards the center of downtown, which was far away, a young woman riding a bicycle.

She was probably around twenty, fairly thin, had a large tattoo running up her side, and was topless.

It was impossible not to see, and I wonder if she had done it before, as quite frankly she looked nervous.  She probably should have, as she wasn't like the late middle-aged woman, now deceased, who used to ride a Vespa around here topless.  It was always a shock to encounter her, but as impolite as it may be to say it, she wasn't attractive. This young woman was, and for any normal male, she was going to be noticed, an impact added to by the fact that she was well-endowed.

My guess is she was headed to David Street Station, where her breasts were going to be oggled at by many.  And the look on her face belied the fact that she no doubt would maintain that she was there to make some other point.

Another reason we really need to put the brakes on things until we take a look at Chesterton's Fence on all sorts of things.
There exists in such a case a certain institution or law; let us say, for the sake of simplicity, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, “I don’t see the use of this; let us clear it away.” To which the more intelligent type of reformer will do well to answer: “If you don’t see the use of it, I certainly won’t let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it."

Indeed, something of this type, although not quite of this type, lead commentator Amy Otto, in an Op Ed written some years ago, to maintain "Men Did Greater Things When It Was Harder To See Boobs".  The caption on the article, which was flippant but which addressed a serious topic, if not idential one, not too surprisingly went viral.

Also not too surprisingly, this is a topic that's been pretty widely studied and the entire observational nature of this is hard-wired into men.  That some don't get this is another defiance of science.

And one putting all the burden, I'd note, on men.  I don't really want to be in the position of taking note of some 20-year-old woman's bare breasts, and I don't want to be seeing something that only a spouse should.  But now I have, and I can't get that back, nor can she, nor can the probably hundreds of men, most with fewer reservations than me, that saw her on Saturday and whose thought went where every they let them go.

US Suicide Rates at all-time high

US suicides hit an all-time high last year

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About 49,500 people took their own lives last year in the U.S., the highest number ever. That's according to new government data posted Thursday. The Centers for Disease Control and Prevention has not yet calculated a suicide rate for the year. But available data suggests suicides are more common in the U.S. than at any time since the dawn of World War II. Experts caution that suicide is complicated, and that recent increases might be driven by higher rates of depression or limited availability of mental health services. The American Foundation for Suicide Prevention says a main driver is the growing availability of guns.

A horrific story, to be sure.

It occured to me for some reason that all things being equal, a record number would likely to be set every year, as the American population continues to grow.  Having said that, the rates are very high, which is referenced in this article.

Predictably, the reporter blames it on the "growing availability of guns", but firearms have been easy to get throughout American history. Availability has grown from the mid 20th Century, which saw a lot of gun control provisions come in which have later faded, in part due to being found unconstitutional, with the 1970s probably the high watermark of that, but if we go back prior to the 1930s, we'd find that things were, in most places, wide open.  Even children could buy firearms in most of the US prior to the 1950s.

What has really changed is a society within any kind of foundation whatsoever.  In the entire Western World, the culture built on Catholicism, but heavily impacted by the Reformation, has seen the foundation attacked and dismantled to be instead one that's now centered on radical individualism.  It's not healthy, and it's killing people.  Added to that, the increasing corporatist culture work in a box life throughout the developed world, that removes people radically from nature, is levying a toll. The combination of both is deadly.

Everyone claims to want to do something about this, which seems to amount to doing something about it sort of clinically, rather than existentially.

Storm Warning

At least 55 people died on Maui. Residents had little warning before wildfires overtook a town

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Maui residents who made desperate escapes from oncoming flames have asked why Hawaii’s famous emergency warning system didn’t alert them as wildfires raced toward their homes. Officials have confirmed that Hawaii emergency management records show no indication that warning sirens were triggered before devastating fires killed at least 55 people and wiped out a historic town. The blaze is already the state’s deadliest natural disaster since a 1960 tsunami. The governor warned the death toll will likely rise. Hawaii boasts what the state describes as the largest integrated outdoor all-hazard public safety warning system in the world. But many of Lahaina’s survivors said in interviews that they only realized they were in danger when they saw flames or heard explosions nearby.

I really have to wonder how long a large segment of American society, and the official leaders of the GOP, are going to continue to pretend there's nothing going on climate wise.  It's extremely difficult to grasp why they won't face reality on this, unless of course it's an example of worshiping money as if it was as religion.

People are now dying. Shouldn't this be taken seriously?

Without fail, one of our state's Congressional delegation comes on television or other media to promote fossil fuels and at least two out of the three like to talk about "Biden's radical climate agenda".  Keeping a natural climate isn't a "radical agenda" and simply refusing to discuss this topic is foolish.

Speaking of the Maui fires, some real goofballs are claiming that it was caused by a "direct energy weapons", which they also claim the last devastating California fires were.

It's scary to realize that people who believe something so idiotic have the right to vote.

Lil Tay is not dead.

I'd never heard of Lil Tay, aka Tay Tian, aka Claire Hope, aka Claire Eileen Qi Hope, but this line from her Wikipedia entry says a lot:

Tay's father and manager sought for Tay to become more focused on professionalism, suggesting a music career for her, though her mother and half-brother encouraged her to continue her original boastful character.

Keep in mind, she hit the music scene as a foul-mouthed rapper at age 9.

That's frankly sick, and not "sick" in the good pop culture lexicology way.  Her parents deserve a dope slap for letting that happen in the first place.

Whatever her legitimate name is, her story illustrates the poverty of values in the Western World.  Her parents were simply shacked up over a prolonged time, never married.  At some point, they separated and shared custody of the child.  Somehow, they allowed her to enter into the world of hip hop, which is marked for its celebration of criminal culture and high death rate. That made the stories of her death seem pretty credible.  Hardly a week goes by without some hip hop artist with a made up name dying young, in all the ways that tragic young deaths occur.  Just this week, it might be noted, one such artist was sentenced for shooting another, the victim of the shooting being Megan Thee Stallion (yes, that's a made up name).

When it was revealed she wasn't dead, I wondered if it was a PR stunt.  I'ts being claimed her social medial was hacked.  I see I'm not the only one who was speculating on the stunt possibilities, however.

Regarding Tay, even at age 9 to 14 she's an interesting example of a certain public pseudonym phenomenon.

Entertainers have always affected false names, often due to being required to do so by reporters.  Actors with Jewish names, for example, almost had to take another name early on. Paul Newman, an exception to so many rules in the acting community, is notable here as his real name actually was Paul Newman.

That's pretty much stopped as cultural prejudice of that type diminished.  A peculiar modern phenomenon has been people, particularly women, of mixed Asian and Euro-American heritage adopting their Asian mother's surname as a stage name.  It seems clear enough that Chinese American Tay was given the name at birth of Claire Eileen Qi Hope, i.e., Clair Hope, a pretty generic European name, and when she was drop-kicked into hip hop she became Tay Tian, or at least around there somewhere she did, taking her mother's last name. Priscilla Natalie Hartranft, a Korean American, took her mother's name Ahn, becoming Priscialla Ahn for the stage.  The surprising exception is the very successful Michelle Zauner (Michelle Chongmi Zauner) a Korean American born in Korea, who has kept her given name.  Zauner is the front for Japanese Breakfast, which is eclectically named, however, as Koreans are not particularly fond of hte Japanese.

I guess that takes us to Asian Pop, or maybe K Pop.  It's bad, but seems huge.  I don't know why.  Like a lot of Japanese group, K Pop tends to be very Kwaaii

But not all Japanese music actually is:

While I should not note it, by the way, I'm going to note it anyhow.  And what I'm going to note is that the children of European ethnicity people and Asian ethnicity people look very Asian as a rule.

It's simply an observation. But as a genetic observation, the genes that contribute to appearance are obviously dominant for the contributing Asian partner.

When I was in college, I knew a student whose father was British and mother Japanese.  He looked very Japanese.  Zauner looks Korean (and yes, I've been to Korea).  Ahn also looks Korean, and Tay looks Chinese.  This is merely an observation.

Last Edition:

Cliffnotes of the Zeitgeist. XLVIII. Library withdrawals.

Lex Anteinternet: Three economists walk into a bar and. . .

Lex Anteinternet: Three economists walk into a bar and. . .

Three economists walk into a bar and. . .

spend the rest of the evening arguing on whether to adjust the thermostat from 68F to 65, or maybe 72.

By Flickr user midnightcomm - https://www.flickr.com/photos/midnightcomm/447335691/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=5596839

Not funny?

Neither are missing the point arguments economist out in the Twitterverse have about inflation, or elsewhere on the Internet.

Maybe we should have titled this thread "what causes inflation"?  If you are listening to economists or pundits on the topic, you probably don't actually know.

If you listen to right wing politicians, and economics is pretty political, you'll hear stuff like that put out by Dr. John Barrasso.  It's simple,  Inflation started on inauguration day when Joe Biden put his had on the Big Meter O' Gas Prices and personally shut down American oil production. All that needs to happen to fix it is to have Biden go down to the White House basement, find the Gas Thermostat, and adjust it.

Gas meters behind the White House where the President personally sets the price of natural gas.

That's nonsense.

So is "unleash American oil", or what have you. That's not what's going on.

If you listen to Robert Reich, the left wing economist, inflation is all caused by corporate greed. That's it.  Tax corporation and their heads, and it'll all drop back into price.

The cause of inflation, according to Robert Reich.

Sorry Robert, that's not correct, and I'm guessing in the middle of the night and ponder this, you know it isn't.

If you listen to NPR, and I do, it's all so complicated no mortal is capable of figuring it out.


Well, it ain't that complicated, either.

Apologist Jimmy Akin, who ponders a lot of non-apologetic topics, states that it's all caused by the government.  It isn't, but we'll start there.

Setting the inflation meter.

In normal times, and in a normal land, with a normal economy, there's a lot of truth to that.  In those circumstances, there are a lot of things that operate naturally, as long as the government doesn't mess with them.  You'll have a natural sized population, which may be stable, may be declining, or may be increasing somewhat, but it'll be in a sort of rough status in that fashion. And you have their "consumer demands". The cost of those demand is determined by supply.

The cost of government, in this scenario, is determined by its demands, which is paid for by taxes.

Pretty simple.

So how can that get off kilter?

In modern history, it got off kilter during the Great Depression.

With the Great Depression, the US turned to John Maynard Keynes.  Keynes believed that business cycles could be regulated through government spending.  If things were in the dumps, increased government spending could address it, but that spending had to be paid off in good times.

Yeah, right.

In reality, during the Great Depression, government learned how to deficit spend and liked it.  World War Two made it worse.  Ever since then, we've never really been able to reign that in, as Government likes to spend borrowed money it can't pay back.

The reason for that is simple.  People like getting money, but they don't like having to work or pay for it.  If you go from wherever you are today, in the US, and go anywhere, you're going to collide with things the Federal government bought with borrowed money.  You won't be able to avoid it.

Generally, the Federal government likes to keep the inflation rate caused by spending money it doesn't have right down around 3%.  I frankly feel this is immoral as inflation steals from people's wallets, but that's what they try to do.  It's decreasing the amount they have to pay back on their loans and gives them the extra cash to spread around without anyone really noticing inflation too much.

People should, and should, be up in arms about it, but they basically don't notice.

So, in the Jimmy Akin sense, yes, government causes inflation.

But, it's not that simple.

In the US, the government has also messed with the natural value of labor by inflating the size of hte working population through immigration. There's certainly outsized legal immigration, but there's also illegal immigration, which nobody did much about until fairly recently.  Immigrants are actually deflationary, as they work for less than native born Americans would in the same industries.  By the same token, however, if immigration is slowed, it causes wages to rise, as the labor pool shrinks.  If illegal immigration is slowed, it causes the artificially depressed wages to rise.  That's inflation, but it's also an example of wages seeking their natural level, effectively reaching the level they should have been.

This is important to keep in mind, as part of the way that the government keeps inflation down, in normal times, in spite of high borrowing, is by keeping wages down, through immigration.  Never raising the minimum wage plays into this, but the immigrant population, quite a bit of which is "off the books", plays into this.

That also serves to keep everyone in a household at work, which is a different topic we will address some other time.

So there you have normal times.

But what about abnormal times?

And we are in those.

It turns out that the Four Horsement of the Apocolpyse have a lot to do with causing inflation.


And when wars ride in, at least famine rides in with him.

In, other words, spite of what Jimmy Akin may think, a lot of current inflation has more to do with Vladimir Putin's government than our own.

Vladimir Putin, as we all know, has launched a war against Ukraine to bring it back under Moscow's heel.  Russia is failing badly at it.

A casualty of the war has been oil prices.  Oil is a globally traded commodity, and one whose value widely even in normal times.  Now the price has gone up because of the effort to take Russian hydrocarbons off the market to punish Russia.

Now, if only the price of things mattered in the world we could do what Trump probably would have done, which would have been to turn a blind eye to Ukraine's fate.  But that would have been a very dangerous thing to do.  It's still the thing that some Republicans want to do right now, but they seem to be a minority.

At any rate, this is why calls by people like Dr. John Barrasso to "unleash" American oil are wrong and won't work, which he probably knows.  The American oil industry isn't producing on all the leases it has now, in spite of the high prices.  Market instability is part of that reason.  If people like Marjorie Taylor Greene have their way, Russian oil will be back on the market, the price will drop, and having invested in American oil, which only makes sense if prices are high, would have been the wrong thing to do.

The price of oil is also high due to OPEC+, which operates to falsely set the price.  If the organization were a domestic organization, it'd get sued by the Federal government.  As it's international, it can't be, but it sets production to set the price and when it wants to raise it, it does. It recently did.

Russia is part of OPEC+

If the US really wanted to address this part of this issue, as we're always going to be subject to OPEC, we'd switch as much of the nation over to non petroleum energy as possible.  This gets into naysayers who say it can't be done, but it can be, and it's happening now naturally.  Of course, Wyomingites get up in arms about that too, as they fear that electric generation is going to omit coal, which is another topic. And on that topic, you don't just get to do what you want to do as it's good for you locally.  Most people know that, but they don't like to really believe that something that may be causing harm is doing that.  People elsewhere, however, will be deciding those things, not us.

And Putin's war has disrupted global food supplies as well.  Ukraine is often referred to as a "breadbasket", and it is. . . for much of the Third World.

Food prices, we'd note, are up in much of Africa by epic levels.

This impacts us too, as food has been a global commodity since ancient times.  If it's transportable, it will be traded long distance.

Of course, it's also the case that the US went to a "cheap food" model following the Second World War, which emphasized size and production. That was a mistake.  It would have been better to emphasize the producers and to have sought to keep as many people in agriculture as possible.  A more agrarian type of farm economy would cause prices to climb initially, but it would also help stabilize the market long timer, making some of it more local and all of it more direct.

For that matter, the whole scale up scaling of economic scale on the retail and production end of things achieved that as well. Robert Reich decries "corporate profits" without seeming to ever realize that for much of the economy, even now, corporations aren't necessary.  We don't need Walmarts at all, and for that matter, there's no reason that something like Twitter can't be corporate owned.  If changes like that were made, it would also damper inflation.

Be that as it may, should the Republicans take the House and Senate tomorrow, they're not going to introduce an anti-corporate ownership bill and bring back a more Distributist economy.  No way. And in spite of Harriet Hageman's agricultural roots, she's not going to introduce any bills directed at returning large scale agarianistic agriculture to the economy either.  

And as long as fuel and food prices are subject to the reestablishment of the Russian Empire, we're going to be in an inflationary cycle.

That argues for defeating Putin decisively and right now.  

Finally, there's the COVID effect.

A pandemic that kills 1,070,000 people is going to remove a lot of workers from the economy forever.  That's inflationary.

The necessary halting of imports from China, something Trump did right during the pandemic, was inflationary, however.  Giving credit for where credit is due, that needed to be done, but in the globalized economy, the econmy has never righted itself, just as it didn't after World War One when a highly globaized economy was also disrupted by the war, and then of couse the Spanish Flu followed.

Lots of workers stayed home during the pandemic, many during mandatory quarantines. Government efforts started under Donald Trump, not Joe Biden, to address this by addressing wage cessation amounted to sending people money, a lot of whom never needed it. That was inflationary.

The perceived and mistaken idea that something needed to be done to get people back to work, they would have done that on their own for economic reasons gave rise to infrastructure bills under Trump that expanded under Biden.  That was inflationary.

But here's the added things. Putin's war jump started inflation all over the globe, and as we're in a globalized market, that means one country's fever at least gets another one sick.

For example:

 CPI Austria Austria cpi september 2022 1.599 % 10.531 %

 CPI Belgium Belgium cpi october 2022 2.372 % 12.268 %

 CPI Brazil Brazil cpi september 2022 -0.290 % 7.169 %

 CPI Canada Canada cpi september 2022 0.066 % 6.858 %

 CPI Chile Chile cpi september 2022 0.859 % 13.728 %

 CPI China China cpi september 2022 0.291 % 2.783 %

 CPI Czech Republic Czech Republic cpi september 2022 0.801 % 17.973 %

 CPI Denmark Denmark cpi september 2022 1.305 % 10.019 %

 CPI Estonia Estonia cpi september 2022 0.321 % 23.648 %

 CPI Finland Finland cpi september 2022 0.780 % 8.119 %

 CPI France France cpi september 2022 -0.564 % 5.552 %

 CPI Germany Germany cpi september 2022 1.936 % 9.991 %

 CPI Great Britain Great Britain cpi september 2022 0.411 % 8.808 %

 CPI Greece Greece cpi september 2022 2.937 % 12.024 %

 CPI Hungary Hungary cpi september 2022 4.077 % 20.124 %

 CPI Iceland Iceland cpi october 2022 0.668 % 9.405 %

 CPI India India cpi september 2022 0.845 % 6.488 %

 CPI Indonesia Indonesia cpi october 2022 -0.106 % 5.710 %

 CPI Ireland Ireland cpi september 2022 0.000 % 8.175 %

 CPI Israel Israel cpi september 2022 0.187 % 4.594 %

 CPI Italy Italy cpi september 2022 0.263 % 8.866 %

 CPI Japan Japan cpi april 2022 0.396 % 2.422 %

 CPI Luxembourg Luxembourg cpi september 2022 0.257 % 6.879 %

 CPI Mexico Mexico cpi september 2022 0.620 % 8.700 %

 CPI Norway Norway cpi september 2022 1.372 % 6.894 %

 CPI Poland Poland cpi september 2022 1.586 % 17.254 %

 CPI Portugal Portugal cpi september 2022 1.226 % 9.281 %

 CPI Russia Russia cpi march 2022 7.613 % 16.698 %

 CPI Slovakia Slovakia cpi september 2022 0.908 % 14.170 %

 CPI Slovenia Slovenia cpi september 2022 -0.921 % 10.002 %

 CPI South Africa South Africa cpi september 2022 0.094 % 7.801 %

 CPI South Korea South Korea cpi september 2022 0.285 % 5.583 %

 CPI Spain Spain cpi september 2022 -0.696 % 8.872 %

 CPI Sweden Sweden cpi september 2022 1.429 % 10.838 %

 CPI Switzerland Switzerland cpi september 2022 -0.176 % 3.252 %

 CPI the Netherlands The Netherlands cpi september 2022 2.340 % 14.496 %

 CPI Turkey Turkey cpi october 2022 3.545 % 85.515 %

 CPI United States United States cpi september 2022 0.215 % 8.202 %

 HICP Austria Austria hicp september 2022 2.436 % 10.915 %

 HICP Belgium Belgium hicp september 2022 1.336 % 12.061 %

 HICP Czech Republic Czech Republic hicp september 2022 0.885 % 17.829 %

 HICP Denmark Denmark hicp september 2022 1.473 % 11.101 %

 HICP Estonia Estonia hicp september 2022 0.338 % 24.094 %

 HICP Eurozone Europe hicp september 2022 1.196 % 9.927 %

 HICP Finland Finland hicp september 2022 0.726 % 8.413 %

 HICP France France hicp september 2022 -0.511 % 6.232 %

 HICP Germany Germany hicp september 2022 2.176 % 10.899 %

 HICP Great Britain Great Britain hicp september 2022 0.569 % 10.142 %

 HICP Greece Greece hicp september 2022 2.956 % 12.117 %

 HICP Hungary Hungary hicp september 2022 1.850 % 20.673 %

 HICP Iceland Iceland hicp september 2022 -0.235 % 5.933 %

 HICP Ireland Ireland hicp september 2022 0.000 % 8.604 %

 HICP Italy Italy hicp september 2022 1.582 % 9.366 %

 HICP Luxembourg Luxembourg hicp september 2022 0.510 % 8.832 %

 HICP Poland Poland hicp september 2022 1.522 % 15.698 %

 HICP Portugal Portugal hicp september 2022 1.270 % 9.811 %

 HICP Slovakia Slovakia hicp september 2022 0.937 % 13.579 %

 HICP Slovenia Slovenia hicp september 2022 -0.284 % 10.629 %

 HICP Spain Spain hicp september 2022 -0.246 % 8.974 %

 HICP Sweden Sweden hicp september 2022 1.221 % 10.252 %

 HICP the Netherlands The Netherlands hicp september 2022 2.842 % 17.061 %

 HICP Turkey Turkey hicp september 2022 3.097 % 83.394 %

But also note that global inflation rates are expected to peak this year, and then steeply decline.

At any rate, in a globalized economy in which we depend on stuff with overseas sources to come here, when prices go up there, they go up here.  Put another way, when is the last time you bought a shirt made in the United States?

So, what should the government do, and by that I mean right now, to address inflation?

The most important thing it could do would be to make systemic changes that take the country out, as much as possible, of a system that is subject to foreign commodity and product inflation without falling into the falsity of autarky, which we'd note is, of course, inflationary.

That would entail moving the volatile energy sector over to stable, and frankly North American based, energy production.  Nuclear energy would be the best option for the US for domestic and transportation energy.  If we wanted an infrastructure bill, this should have been it.  It's not too late to do this through various means, however, including tax breaks where appropriate, and by removing subsidization, which occurs in places we're so used to use to we don't recognize them.  The national highway system, for example, is subsidized, which in turn amounts to a trucking industry subsidization.

We could also do this in the food and retail sectors through anti monopoly and frankly highly distributist policies that revested much of the economy at a lower level.  That would be inflationary in the short term, but stabilizing in the long term.

In the immediate short term, we could quit deficit spending on things that we don't need to, which is only almost all, but probably not all, things.  The Federal Government doles out cash like crazy under both Republican and Democratic Administrations.  There are a lot of things that the Federal Government takes care of that it could just say to localities, "you take care of it, it's yours anyway".  Quite frankly in quite a few instances local entities couldn't take care of it, at least not without tax hikes, but then those things would be paid for along the way in most instances, and where they couldn't be, there's likely an existential problem at work such that they shouldn't be.

And contrary to the Republican whining about "thousands of IRS agents" and the Democratic silence on taxes, the upper marginal tax rates ought to be increased.  Billionaires now control a frightening amount of the US economy and ought to be taxed aggressively. That won't reduce them to poverty, but would recapture money that should be recaptured.  And in inflationary cycles, a windfall profits tax should be put in place.

Finally, as grim as it is, the Fed ought to jack up interest rates to double their current amount and put a massive damper on the overheated economy.

How much of this is going to happen? 

Probably none of it.

Blog Mirror: Former Wyoming Man Is Hero Beekeeper From Dodgers Game

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