If Covid and the deranged response to it have had a silver lining, it’s this:
A lot more people are a lot more skeptical of a lot more official b.s. than ever before.
They realize that the elites do not have their interests at heart, to say the least.
I hope this encouraging trend continues, and extends into economics, where the mainstream is absolutely full of you-know-what.
In a speech in London on Monday, former U.S. Treasury Secretary Larry Summers said: “We need five years of unemployment above 5% to contain inflation—in other words, we need two years of 7.5% unemployment or five years of 6% unemployment or one year of 10% unemployment.”
This is truly how the lizard people think: let’s make the proles suffer. That ought to bring prices down!
Rising prices can be stopped by less economic activity, according to them.
Back on planet Earth, less economic activity means less production, which means more scarcity, which means higher prices.
They can’t just turn off the printing presses to keep prices from rising. Oh, no. No, no, no. Let’s punish the proles with unemployment instead.
Summers evidently still believes in the long-exploded Phillips Curve, which purported to show a trade-off between price inflation and unemployment. It never made sense, and then beginning in the 1970s it was empirically refuted several times.
On Twitter, our heroic friend Saifedean Ammous responded to Summers’ remarks by posting them along with this comment: “Your periodic reminders that Keynesians are deranged sociopaths who genuinely think you can lower inflation by raising unemployment among poor people and ruining their lives instead of just not printing money and handing it to rich bankers.”
Time to put Elites in CHECK !!!!!
Their GREEN SOLUTION > RUIN YOU & your Family & Country !!!!!
Time to Take their $$$$$ & make them be Impoverished !!!!!!
Democrat’s Solution > RUIN YOU !!!!!!
But many elites are donkeys and republicans. Repubs dont brag, whereas donkeys kick and yell. A united pull back would work, unfortunately we dont live in that tyoe of world so anything wont work today. Dont know the resolution either. When there is no across the isle compromises the future is not good. Let the elites come to the island and pay….it just prolong the endstate, depression. Not recession. Then we will see how American we all are.
Here is what you are going to have to realize there is 1% of the Elites that Own and Control Everything and Everybody in the World. Don’t believe me go to BitChute and search MONOPOLY Who Owns the World by Rus Francis, get educated about your life and be sure and take your blood pressure medicine because you are definitely going to need it.
A hungry person is easily led.