Commentary Is the push by America’s elite to “save the planet from climate change” actually just gaslighting Americans into socialism? I recently discussed the clear connection between the Central Bank policies and rising wealth inequality. However, an article by Ken Rogoff suggests the real need is more “fiscal policy.” To wit: “But interest-rate adjustments are far too blunt a tool for conventional monetary policy to play any kind of leading role in mitigating inequality. Fiscal policy—including taxes, transfers, and targeted government spending—is far more effective and robust.” The problem with redistributive policies is the poor track record of success in solving the “wealth gap.” In general, the bottom 90 percent sees their wealth equalize at the lower bound, while the top 10 percent get wealthier. The problem is the capitalistic system of the United States. The United States is the only economic system in history that was founded on the …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta