Letters to the Editor
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a simple thought...
since all the government #'s are a lie(i mean if you have to walk out of the house,you know there is real inflation out there,for real things we buy everyday),a simple question.if assets inflate,and the dow doubles,do you still feel richer if the trip though the fast food stop that cost you $5 costs you $20?the fed has killed the dollar,something that isn't a good thing overall,and you have to ask yourself why.
we seem to live in this crazy time where the PTB think you can have capitalism without ever having a reccesion.but real capitalism is a creative/destructive exersize.instead of trying to avoid a reccesion,because it provides needed brush clearing,we should worry about helping people through them when they happen.
if the fed had not been reckless,and had not cut rates to 1% after '00(and by doing so punish savers and retired folks),we would have had a downturn,the companies that would have gone under would have gone under,and new businesses would have been created.we would have been through the worst.but instead the hole just keeps getting deeper.
of course if the fed had not done the dirty deed with super low rates,bush would have never had a second term....hmmm........