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> We need the Federal government to stimulate aggregate demand at the consumer level. How? Simply put by distributing cash to the people directly. Why do only
by gotchange 11y ago
> We need the Federal government to stimulate aggregate demand at the consumer level. How?
Simply put by distributing cash to the people directly. Why do only rich people on Wall St. get subsidies and bailouts where the Fed purchase their worthless papers with hefty sum of money and push on their balance sheet on the taxpayer's dime?
Not only this but they are also engaged with them in destroying the labor market by bankrolling Wall St greed and their endless chase of efficiency at the expense of people's jobs as they get more aggressive with M&A activity evading taxes and expanding robotics & automation to eliminate labor costs.
This can't be going this way forever and something has to be done to stop this madness.
- laotzu 11y ago>This can't be going this way forever and something has to be done to stop this madness. Wall St: "Invest in pitchforks!"