"To ensure sound economic outcomes, it is imperative to establish strong fiscal and monetary rules that provide an institutional framework limiting the burdens of government actions on our lives..."
When the government interferes in markets via tax treatment, subsidies, credits and dictates, it distorts efficient capital allocation. This ultimately hurts Productivity which then makes prices higher. That said a small government doesn’t do this. Only a large government enabled by the central bank does. Taking the money creation away from the Fed also doesn’t solve the problem since government is corrupt and print away too. Empire has no solution other than its running its course to non-empire.
Normally, I appreciate when the Raven brings in outside voices but today's post reads essentially as, "If my Aunt had a dick she would be my Uncle".
Seriously, just this sentence alone makes this entire piece not worth the electrons spent to create it; "When Congress returns to its limited, constitutional roles, the federal budget will be drastically cut, resulting in lower taxes and opportunities to pay down and retire the national debt."
Yeah? Well, when Elizabeth Hurley starts returning my phone calls and emails I will start leaving my wife, so there!!!
Seriously. This reads like a college sophomore spent the afternoon gazing at his naval while smoking a couple of joints.
Way too many "ifs" included for it to be taken seriously.
As long as we keep electing people with neither knowledge of nor interest in policy, we will elect via our votes being purchased by legislators (state and federal). To expect people who’s livelihoods rest on their ability to buy our votes, a balanced budget is a chimera.
Has this author paid attention to the economy since the FED began QT? When monetary policy was restricted in ‘22 the FED had the steering wheel, when congress started spending like a drunk teen (Oct ‘22) the FED completely lost control.
When the government interferes in markets via tax treatment, subsidies, credits and dictates, it distorts efficient capital allocation. This ultimately hurts Productivity which then makes prices higher. That said a small government doesn’t do this. Only a large government enabled by the central bank does. Taking the money creation away from the Fed also doesn’t solve the problem since government is corrupt and print away too. Empire has no solution other than its running its course to non-empire.
Normally, I appreciate when the Raven brings in outside voices but today's post reads essentially as, "If my Aunt had a dick she would be my Uncle".
Seriously, just this sentence alone makes this entire piece not worth the electrons spent to create it; "When Congress returns to its limited, constitutional roles, the federal budget will be drastically cut, resulting in lower taxes and opportunities to pay down and retire the national debt."
Yeah? Well, when Elizabeth Hurley starts returning my phone calls and emails I will start leaving my wife, so there!!!
Seriously. This reads like a college sophomore spent the afternoon gazing at his naval while smoking a couple of joints.
Way too many "ifs" included for it to be taken seriously.
Thanks
As long as we keep electing people with neither knowledge of nor interest in policy, we will elect via our votes being purchased by legislators (state and federal). To expect people who’s livelihoods rest on their ability to buy our votes, a balanced budget is a chimera.
Has this author paid attention to the economy since the FED began QT? When monetary policy was restricted in ‘22 the FED had the steering wheel, when congress started spending like a drunk teen (Oct ‘22) the FED completely lost control.