Followed by 2
Ignored by 2
In United States
Registered Mar 08, 2011
EconPete's most recent comments:
- On 28 Oct 2013
To Redistribute or to Not Redistribute?,
The people who complain about wealth inequality are the same people who
stupid enough to spend all their money and have nobody to blame about
I know it probably makes you feel better to think this--but that couldn't be
farther from the truth. The people that complain about wealth disparity are the
folks that understand how an economy works.
If they knew how the economy worked... Why would they choose to be poor? Ha-ha. It sounds like they think they know how the economy works, but their lack of wealth explains it all!
- On 29 Oct 2012
Baby boomers will be poorer than their renting children when housing deflates!,
Another take on the paper by Dean Baker and David Rosnick can be found in this article.
There’s a nice quote from Peter Schiff on the bottom.
- On 1 Aug 2012
Why not reduce the cost of living?,
The answer to your question: http://patrick.net/forum/?p=1213971
What you are describing is free market capitalism. The U.S. is far from it. The list of above high cost, low performing industries are all government protected from competition. Health care is probably the worst example of socialization in the US and the government wants to add to it. Industry inflation is synonymous with socialism and communism. The deflation you are describing is synonymous with free market capitalism. Yes, the goal is to try to restrict well connected industries and individuals from benefiting from our tax base.... Good luck, the people who make government decisions are the people who get to spend our tax money. Does anyone think they will ever decide to reduce the power and control their positions have? I didn’t think so.
Until then, the 99% will just have to keep accepting a declining share of GDP all while assuming more of the hardships.