Re:Fed Ends Zero-Rate Era
by gotchange on Wednesday December 16, 2015 @04:02PM
(#10747305)
> 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.
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.