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View Diary: "Entitlement Reforms" That Progressives Can Support (113 comments)

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  •  I don't believe there is rationing going on. (8+ / 0-)

    There certainly is hoarding, particularly by corporations.  But the Fed has been pumping dollars into the economy per QE1-QE(X).  The velocity of money doesn't by itself imply rationing.  But I agree that cash-hoarding corporations need to use that cash for capital projects, or need to be forced into releasing it back into the economy.

    The road to Hell is paved with pragmatism.

    by TheOrchid on Thu Mar 07, 2013 at 11:18:49 AM PST

    [ Parent ]

    •  The Fed distributes dollars to banks. The Congress (3+ / 0-)
      Recommended by:
      YucatanMan, vigilant meerkat, wu ming

      can give dollars directly to individuals and states and municipalities. However, when they give grants, that lessens the opportunity for lenders to hold local governmental entities hostage and induce them to supplement their revenues with dividend paying and tax free bonds. It's a triple treat for the financiers. The dollars did not accumulate in the accounts of the 1% by happenstance.

      We organize governments to deliver services and prevent abuse.

      by hannah on Thu Mar 07, 2013 at 01:59:27 PM PST

      [ Parent ]

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