Do these lines move together, randomly, or in opposition? What is your opinion?
Here are the same data viewed from another perspective, and with the addition of Gross Domestic Product (green). Since 1970, prices (blue line) have risen slowly, GDP (green) has risen faster, while federal debt (red) has risen massively. This indicates three things you will not hear from the media, the politicians or the expert economists:
- Even during massive debt increases, prices have moved up moderately, actually below the Fed’s target.
- As federal debt increases, GDP grows faster than inflation.
- The growing debt is not a burden on the government, on taxpayers, or on the economy.
Sadly, these facts will not sway those whose motive clearly is to widen the Gap between the rich and the rest.
By claiming that federal spending to support the poor and middle-income groups is unsustainable, the purveyors of the “Big Lie” help enrich the rich and impoverish the rest.
That is what the “Big Liars” are being paid to do. Rodger Malcolm Mitchell [ Monetary Sovereignty, Twitter: @rodgermitchell, Search: #monetarysovereignty Facebook: Rodger Malcolm Mitchell ]
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THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE. The most important problems in economics involve:
- Monetary Sovereignty describes money creation and destruction.
- Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”
Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps: Ten Steps To Prosperity:
- Eliminate FICA
- Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
- Social Security for all
- Free education (including post-grad) for everyone
- Salary for attending school
- Eliminate federal taxes on business
- Increase the standard income tax deduction, annually.
- Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
- Federal ownership of all banks
- Increase federal spending on the myriad initiatives that benefit America’s 99.9%
The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.
MONETARY SOVEREIGNTY
Source: https://mythfighter.com/2021/04/15/do-these-lines-move-together-randomly-or-in-opposition-what-is-your-opinion/
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