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How to fix the economy.

Name: SBO Charles !TzcAECrLis 2013-07-26 21:21

Do we really need more aircraft carriers? How much have we spent on the F35 and drones already? Divert military spending towards the troops, intelligence and special forces. Cut military spending and discretionary military spending in general.

Increase legal immigration, deport illegal immigrants.

Legalize, tax and regulate cannabis. Focus the war on drugs on drugs that make people emaciated and toothless.

Public education adopts practices from Finland, Shanghai cram schools and Jamaican school sports. Promote STEM and introduce computer programming from an early age. Humanities should promote a more scientific attitude.

End all mercantilist policies, the only extra taxes on imports are those needed to fund customs searches, only arms shipments and related materials are regulated beyond normal. Explain to voters that the best way to respond to foreign competition is immediately and to remain competitive.

Fact: If an economic downturn is due to physical causes not due to lack of aggregate demand, lowering interest rates and increasing government spending will result in stagflation.

While keynesian economic was logical and sound, modern neo-keynesian economics has nothing to do with it, it is mainly the result of political lobbying to abuse central banks.

The federal reserve's role is to respond to the market value of capital, lowering rates in proportion to how much of the downturn is due to lack of aggregate demand. The economy is neither driven by spending or supply alone, it is driven by both, you promote spending by facilitating the development and production of quality goods and services at low expense, enough to tempt even the most miserly of holdouts.

What else? Have I missed anything?

Name: Anonymous 2013-08-13 20:24

The importance of increasing taxes on the rich cannot be overstated.  Income inequality has gotten ridiculously high.  It is in the best interest of everyone (including the wealthy) that this wealth is redistributed.

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