J.D. Alt has a new one over at NEP (which many here have probably seen) that identifies five nice 'talking points' we can use in our efforts to transfer our knowledge over to all the others who remain outside of the knowledge we have:
The Talking Points
1. Any sovereign nation which fails to provide its citizens with the full benefits available to them by virtue of the sovereign’s inherent ability to issue and manage its own fiat currency should be strongly challenged by its citizenry.
2. Any economist who makes the claim, either explicit or implicit, that a nation which issues and manages a sovereign fiat currency must either borrow or collect taxes in order to have currency to spend, should have his or her diploma revoked.
3. Any political leader in a sovereign nation which issues and manages its own fiat currency who claims the national government doesn’t have the “money” to pay for goods or services which are, in fact, available within the national borders—and which would greatly benefit the citizens—should be tarred and feathered and drummed out of office as an ignorant charlatan.
4. Any banker or financial leader who suggests that a sovereign nation which issues and manages its own fiat currency is dependent upon the bond market to “finance” its sovereign spending should be investigated and prosecuted for the financial frauds they are more than likely in the act of perpetrating.
5. Any journalist who makes his or her living counseling the public about economic matters, who fails to take the time to understand and explain to his or her audience how sovereign fiat currencies actually function, should be summarily stripped of their journalistic credentials and pushed out the door of the newsroom.My emphasis added on the last point here... if we had to do that, Mike would be the only person available to staff any of the financial news media positions!
CNBC, Bloomberg and Fox Business would have to be converted into home shopping channels for want of qualified personnel!
J.D. outlines some nice situational guidelines for confronting and rebuking the morons out there in his post at NEP imo.
2 comments:
Michel Snyder, Activist Post:
- The percentage of working age Americans with a job fell to 58.3 percent in October. The lowest that number has been at any point since the year 2000 is 58.2 percent. In other words, there has been absolutely no "jobs recovery".
- The U.S. economy lost 623,000 full-time jobs last month. But we are being told to believe that the economy is actually getting "better".
- The number of American women with a job fell by 357,000 during the month of October.
- The average duration of unemployment in October 2013 was nearly three times as long as it was in October 2000.
- The number of Americans "not in the labor force" increased by an astounding 932,000 during October. In other words, the Obama administration would have us believe that nearly a million people "disappeared" from the U.S. labor force in a single month.
- The number of Americans "not in the labor force" has grown by more than 11 million since Barack Obama first entered the White House.
- In January 2000, there were 75 million working age Americans that did not have a job. Today, there are 102 million working age Americans that do not have a job.
Tyler,
These types of data points are probably why the Yellen Fed is not looking to stop the QE...
ie they still think "monetary policy" should be accomodative...
If they "tightened" in the face of data like you point out here, they would be finally admitting that monetarism is all false... which they will not do imo...
rsp,
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