Also we forget that one of the main reasons we’ve come to depend on ‘Gubmint’ so much now, is because many of the problems it attempts to ‘solve’, however poorly, are due to the absence of Capitalism, free enterprise or anyone else even attempting to address ’em (with the justified frustrations of all the folks “left behind” by automation, globalism and the unfettered “Free Market” being but one example).

Well, you can’t have anything resembling serious capitalism with an oppressive regulatory environment. What we’re running now is an economic virtual reality game being managed by the Fed. If the Fed were to allow interest rates to float, mortgage rates would double and you’d probably take a third off the Dow.

When interest rates are this low, the government is essentially funding the working capital of large corporations with free money.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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