pknopp
Diamond Member
- Jul 22, 2019
- 82,299
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Breaking away from the King & killing a ton of indians create this country. Fiscal Conservatism and free market capitalism (not crony capitalism) built this country.
Fiscal conservatism and free market capitalism made this country great because it allowed the majority of people to expand their business. It allowed small companies to flourish.
The fiscal conservatives in DC kept our national debt and deficits at a minimum. They kept a close eye on the USD value and made sure it continued to stay high.
The Reagan and his liberal republicans came to DC and turned the Federal Reserve into nothing more than an unlimited credit card. Turning the left and right into big spending, big government politicians who have allowed the USD to lose 75% of the dollars buying power since 1980.
And ever since then, and even slightly before (Because of the MIC and the wars (Korea and Vietnam), "we the people" have had to constantly adjust to the dollars devaluation, only to be hit with another round of huge spending, that decreased the USD's value.
If $20,000yr was still an upper class wage, We could still compete with China on a global scale. We'd have so many manufacturing jobs that China would have a trade deficit with us. Instead of the other way around.
But Wall Street wouldn't be thriving and now Wall Street runs the country.