The Biggest Heist in Human History

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The Biggest Heist in Human History

http://www.counterpunch.org/2016/09/30/the-biggest-heist-in-human-history/

September 30, 2016
Mike Whitney

Here’s your economics quiz for the day:

Question 1– What do you think would happen if you put $3 trillion into the financial system?

a–Stock prices would rise
b–Stock prices would fall
c–Stock prices would stay the same

Question 2– What do you think would happen if you put $3 trillion into the economy? (Via fiscal stimulus for infrastructure projects, extended unemployment benefits, food stamps, etc)

a–Activity would increase and the economy would grow
b–Activity would slow and the economy would shrink
c–Activity would stay the same, so growth would remain unchanged

If you picked “a” for both questions, then pat yourself on the back because you got the right answers.

Now try to answer this one, last “bonus” question:

..

This is political economy writ large. Trump is right, the Fed is the most political institution in government. It IS the government, and it has an absolute stranglehold on the economy.

.. snip..

[LMAO]

The Biggest Heist in Human History

http://www.counterpunch.org/2016/09/30/the-biggest-heist-in-human-history/

September 30, 2016
Mike Whitney

Here’s your economics quiz for the day:

Question 1– What do you think would happen if you put $3 trillion into the financial system?

a–Stock prices would rise
b–Stock prices would fall
c–Stock prices would stay the same

Question 2– What do you think would happen if you put $3 trillion into the economy? (Via fiscal stimulus for infrastructure projects, extended unemployment benefits, food stamps, etc)

a–Activity would increase and the economy would grow
b–Activity would slow and the economy would shrink
c–Activity would stay the same, so growth would remain unchanged
Under
If you picked “a” for both questions, then pat yourself on the back because you got the right answers.

Now try to answer this one, last “bonus” question:

..

This is political economy writ large. Trump is right, the Fed is the most political institution in government. It IS the government, and it has an absolute stranglehold on the economy.


.. snip..

Sounds a lot like this is advocating for more Obamanomics

I maintain, should Trump win, his economic policies will be closer to Obama's and this article seems to confirm that.

We can't borrow and spend our way into sustained prosperity

[LMAO]

 Besides, we already had a massive stimulus in 2009 and the result was a economy ending its 7th year of sluggish growth.

[LMAO]

If I recall, Trump praised and supported the 2009 stimulus so I would imagine one of the first acts as president is an economic stimulus of his own that is very similar to BHO's