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Thank you for noting the extreme bias of the guest. His ideas are not the minority in the field but neither are they the consensus. He is a devout and practicing professional monetarist. Having him on as the only expert opinion did a major disservice to the listeners. There's no point in even asking him questions about the current fiscal policy. We may as well go to a Baptist preacher for direction to enlightenment or for advice on the true nature of the Norse god Oden.
Many monetary policies do work--sometimes. Fiscal policies also work--sometimes. What Pozdena purposely skirted was that the Fed has already attempted a fix. They've been trying since the start. Yet they requested help from the government and the criminals went unpunished. Typical tax cuts and the policies that Pozdena believes in send money straight to those who have already stolen from the American people. They've shown that, unregulated, they will do the most damage they can get away with in order to make profits for themselves. Reinvestment looks quite out of their nature at this point. If they do it again, shame on us.
Our government is our business. Yes, it could be more efficient but we are already as a society invested in it. Our infrastructure is falling apart and not moving forward with the rest of the world; we need to stop neglecting our country, our community, our people--and in the interim save us all from hyperinflation and double-digit unemployment!
posted 4 years, 4 months ago
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