Enjoy the show.

The Republican Party without a doubt is using debt as a vehicle to push out Democratic programs. We are already starting to see the rhetoric.
[ BlueOregon: Financial Friday ]

Asset inflation should be viewed as synonymous with wage deflation. Why else would one be sold as a good and the other as evil. Wage increases are evil because they lead to increases in the CPI. You see, we MUST HAVE PRICE STABILITY so as to predictably plan. And, we MUST HAVE PREDICTABLE ASSET PRICE LEVEL INCREASES or our plans for retirement expectations will all fall down.

You would need to go back to reading stuff from Veblen, in a contemporaneous critique, of Keynes to get a clue.

Full employment, as a mantra, has morphed into the notion that every state debt-slave must be put to work, always and forever slipping behind their master, but blind to the reality of their decline by the effectiveness of the PR value of exclusive focus on price levels.

Never mind that our retirement expectations have gone nowhere, as all things are relative.

Here's Newz for Boze Noze: Increased tax collections pale in comparison to the increase in money supply. It is as if the Fed dropped buckets of cash off the tops of high rises and the IRS said that the little folks must turn over 20 percent of the cash they pickup off the ground. We could not possibly tolerate such unearned gifts from the heavens going to the little folks, it might cause the evil of unpredictable CPI.

If economics were viewed as theater you could at least treat it in like manner to that of a good movie, you must fully suspend disbelief to enjoy the show.

Signed, The Wild Economist.