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View Diary: I am going to ask, no insist, that you read something (104 comments)

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  •  What I want to promote is the concept (11+ / 0-)

    that the purpose of federal taxes is to keep the currency moving at a good rate. As it stands now, the velocity of the dollar is more sluggish than since they started keeping track in the 1950s. It makes no difference how many dollars the Treasury and Fed pour into the economy, if Wall Street hoards and Congress sequesters. Congress rationing dollars is an abomination. Indeed, since the typical response to rationing is hoarding, it's possible that Congressional action has prompted the Wall Street response.
    There is no reason to ration dollars, since we can never run out, as Bernanke, Volker and Greenspan have all been saying, over and over again.

    Of course, one reason Congress is so upset about the ACA is because health care is, as of 2012, a $2.7 trillion industry. A majority of those funds flowing through the Treasury at the direction of individuals to service and good providers, without Congressional intervention, spells disaster. Neither the bankers, not the Capitol Hill Gang will have a say. Indeed, even the private insurance companies that have been funneling dollars to the financial class will be constrained by the limits on their profit margins.

    Whether the dollars that flow back into the Treasury are dedicated for a particular purpose is less important than that they flow and do so expeditiously. (The problem with military hardware is that it is a sink. The stuff is useless, unless we start a war to capture somebody else's resources).

    That said, since we are probably always going to have people who want to exercise total control, there will never be a final solution. People have to be vigilant. But, the people who lust for power are not the norm. We do not have to restrict the whole population to keep them in check. Indeed, restricting the whole population makes it easier for them to take over.

    Obamacare at your fingertips: 1-800-318-2596; TTY: 1-855-889-4325

    by hannah on Sat Dec 14, 2013 at 10:52:48 AM PST

    •  I totally agree! (1+ / 0-)
      Recommended by:
      Bluehawk

        Read up on Modern Monetary Theory. In my mind, it shows the way forward on a lot of issues...

      "The Republican demand is essentially the same as secession--they want the United State to not be the United States." Bill Moyers

      by PlinytheWelder on Sat Dec 14, 2013 at 08:51:52 PM PST

      [ Parent ]

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