Insanity is defined as doing the same thing over and over again, but hoping to get a different result. The QE III will be such an exercise.
The flawed theory is as follows: the government expands the money supply, the sheep spend it, and the economy revives. Well, the sheep AREN”T spending! Or hiring! Why?
- Massive cost increases coming from the Obama Care
- Burgeoning regulations from a government hostile to business!
- Massive tax increases and continual threats for more, the so called “fair share for the ‘rich’ “.
Yet the President says publically “we’re doing all we can to create jobs”! Well, he could start with the aforementioned items. But ideologically, he won’t go there.
The only result of a QEIII will be price increases and further debasement of our currency.
Most Left wing people from local governments and NGO’s consider businesses only something to shake down for contributions or taxes, or for giving jobs to your constituents. It never occurs to these same people that businesses need to make money to stay in business. The problem is that those on the Left consider profits “exploitation” of the workers, holding as they do to the Marxist labor value theory. So, profits are NOT OK! And that’s the rub! “We want you to hire and contribute, but NOT make money!” See the problem?