Making the Market for Slow Growth
Conservatives say if we cut taxes and reduce regulations there will be more robust economic growth.
Of course, we already did that. The result was the Great Recession and the long-tail recovery that describes slow growth.
How can top-rate tax cuts and reduced regulatory authority be credible arguments for resisting deflation, persisting since the Great Recession?
It makes no sense, and what’s wrong with it is market-making activity modeled to support what is supposedly being resisted.
(It’s a racketeering scheme. Gangster capitalism!)
Yes, Dodd-Frank is over 2000 pages of regs, but it doesn’t have the legs to trudge out of the going trend. No, instead, it is designed to support financials when the system (the scheme) goes into default. It is designed, actually, to work with the distressed-assets model (resulting in a big pay-out for the gangsters, operating in a TBTF proportion, ready to consolidate your assets with liquidity provided by the “prudential resolution authority”).
The Great Recession isn’t over yet. It’s still in operation, and if you’re unwise enough to keep voting the reactionary element in, the deflationary monster is out for you, by default, because you’re what’s left!