Skip to main content

View Diary: That Platinum Coin Idea Was Incubated on Daily Kos (242 comments)

Comment Preferences

  •  Well, there are deflationary forces going on. (1+ / 0-)
    Recommended by:
    Seneca Doane

    The consolidation of wealth in the hands of the few pushes the majority of us to hold onto what cash we can, purchasing less and less. I dunno about you, but I'm not feeling all that participatory in the shopping experience. Market forces push items with little demand into lowering prices, rewarding people who had sat on their cash with extra buying power. Vicious cycle.

    For all the Fed's efforts, they're just treading water. If they dropped the rate of return on money deposited with them below the rate of inflation, or even slightly negative, then BoA et al would shove that into the economy to avoid taking the loss.

    It's safe to trust a sane person with the keys to nuclear weapons, but it's not safe to trust an insane person with the cleaners under the kitchen sink.

    by JayFromPA on Tue Jan 08, 2013 at 05:16:23 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site