The US Economy is at least on "Pause" From the Basis Collapse--mainly stalled by the Stimulus--so far this year. The Fed has no basis to do much other than nothing, as is usual in the banking industry. New loans at what rates are being created? The Democrats correctly provided $600.00 per week of excess of unemployment relief. A household unaccustomed to the money could buy something not before affordable, invest, move-out of a multiple family living room environment--provide for day care: And whatever more. Republicans complained that labor was not returning to their previous jobs at the lesser wage levels.
www.cnbc.com
Anyone goes back to Keynes. Public Works spending is used to spur purchasing power in an economic downturn. USA creates federal deficits, partly doing that. Keynes alleges that deficits will be paid back when spending has re-started the economy. Widely unnoticed is that it doesn't happen. It would not be expected to happen. An excess of usual spending is clearly needed--to even create the Public Works. Deficit-funded Public Works--a sector is created. Eisenhower would call it, "The Military-Industrial Complex." Kennedy would create NASA. IBM could create computers that could later on become advanced. All of that is "Excess" of what had been before. Deficits continue well-past any problems. In USA the outcomes have generally been high-tech, and in advance of most other nations. Back to Keynes. The "Outcome" Economy is an excess, actually: Over the original economy that failed. The deficits remain.
What is that really? An unemployment benefit well above the normal pay rates, paid to new labor, is what has happened. The old labor got left behind. The newer high-tech and engineering jobs remain at pay rates, deficit financed. Then that labor is at work in excessively over-paid jobs. Then the raises are fixed percentage. They get even more excessive over-payments as raises. People at lower pay grades move increasingly closer to zero value of purchasing power. Then economists worldwide call that, "The Incentive Structure." It works so well--recessions then happen, a "Great Recession" happens. A Great Depression is on record.
See Matt 25: 14-30. The householder returns to the fixed-percentage raised talents of the servants. The one with the lowest is effectively unable to keep up, and so just buries it. It has no apparent value, even worth investing at the exchanges. So out of the marketplace goes 1/3 of the household, and a bonus excess is paid the highest rewarded, supportive of it all. (No apparent reward accrues to the householder(?): Which gave the original talents for safekeeping. Then those gifted with the more talents are not even expected to go out on their own! There is a certain Imperial Service to it all(?)! The era, in fact, was Roman, Egypt greatly admired!)
Republicans contend that the excess of monies in the $600 weekly benefit created an incentive to no further labor for any previous lower wages. The meaning of the excess is what escaped attention. Back to Keynes. The lower wages were not expected to increase market spending, but to restore the conditions of a downturn. USA took the different path. The Democrats finally raised the lower income, purchasing power--empowering those neighborhoods: In that change of arithmetic. Oppression got itself into a stall.
People can contend that the downturn was created from a need to shelter-in-place. People can further contend that an excess of income was going to be needed to create a response the crisis. No response in fact was created.
Excesses of spending are needed to create incentive alternatives. The record of federal deficits is accompanied by a hyper-rich, innovative, high-tech economy. Eventually it has come to the point that the people can't seem to refrain from coughing and spitting upon one another! Oppression remains in place, but there is a new record of response in place, already.
"Crow, James Crow: Shaken, Not Stirred!"
(In favor of the National Defense: If the Martians do land, then they can be shown Deut 23: 19-20, to scare them off! They would likely be arithmetic advanced!)
Fed holds rates steady, says economic growth is 'well below' pre-pandemic level
The Federal Open Market Committee released a statement following its two-day meeting that concluded Wednesday.
www.cnbc.com
Anyone goes back to Keynes. Public Works spending is used to spur purchasing power in an economic downturn. USA creates federal deficits, partly doing that. Keynes alleges that deficits will be paid back when spending has re-started the economy. Widely unnoticed is that it doesn't happen. It would not be expected to happen. An excess of usual spending is clearly needed--to even create the Public Works. Deficit-funded Public Works--a sector is created. Eisenhower would call it, "The Military-Industrial Complex." Kennedy would create NASA. IBM could create computers that could later on become advanced. All of that is "Excess" of what had been before. Deficits continue well-past any problems. In USA the outcomes have generally been high-tech, and in advance of most other nations. Back to Keynes. The "Outcome" Economy is an excess, actually: Over the original economy that failed. The deficits remain.
What is that really? An unemployment benefit well above the normal pay rates, paid to new labor, is what has happened. The old labor got left behind. The newer high-tech and engineering jobs remain at pay rates, deficit financed. Then that labor is at work in excessively over-paid jobs. Then the raises are fixed percentage. They get even more excessive over-payments as raises. People at lower pay grades move increasingly closer to zero value of purchasing power. Then economists worldwide call that, "The Incentive Structure." It works so well--recessions then happen, a "Great Recession" happens. A Great Depression is on record.
See Matt 25: 14-30. The householder returns to the fixed-percentage raised talents of the servants. The one with the lowest is effectively unable to keep up, and so just buries it. It has no apparent value, even worth investing at the exchanges. So out of the marketplace goes 1/3 of the household, and a bonus excess is paid the highest rewarded, supportive of it all. (No apparent reward accrues to the householder(?): Which gave the original talents for safekeeping. Then those gifted with the more talents are not even expected to go out on their own! There is a certain Imperial Service to it all(?)! The era, in fact, was Roman, Egypt greatly admired!)
Republicans contend that the excess of monies in the $600 weekly benefit created an incentive to no further labor for any previous lower wages. The meaning of the excess is what escaped attention. Back to Keynes. The lower wages were not expected to increase market spending, but to restore the conditions of a downturn. USA took the different path. The Democrats finally raised the lower income, purchasing power--empowering those neighborhoods: In that change of arithmetic. Oppression got itself into a stall.
People can contend that the downturn was created from a need to shelter-in-place. People can further contend that an excess of income was going to be needed to create a response the crisis. No response in fact was created.
Excesses of spending are needed to create incentive alternatives. The record of federal deficits is accompanied by a hyper-rich, innovative, high-tech economy. Eventually it has come to the point that the people can't seem to refrain from coughing and spitting upon one another! Oppression remains in place, but there is a new record of response in place, already.
"Crow, James Crow: Shaken, Not Stirred!"
(In favor of the National Defense: If the Martians do land, then they can be shown Deut 23: 19-20, to scare them off! They would likely be arithmetic advanced!)
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