“What if we were to spend your trillion to provide…” –CNBC Op-Ed suggests elite know best how to spend your money #silver

TSI editor’s note (opinion): Please file this under “order out of chaos,” as CNBC has posted an opinion piece entitled “Op-Ed: The next stimulus should be spent on job training and rebuilding a better American economy.” The author believes that the government can create the money out of thin air and this won’t be inflationary because in his words, “Milton Friedman’s notion that inflation is always and everywhere a monetary phenomenon is incorrect unless the monetary stimulus generates demand. Without increased demand, there is no inflation.” Right now this person says there is no inflation, and yet your average American is struggling to afford increases in food prices at grocery stores across the country after the government has spent trillions of dollars this year bailing out big corporations. The author then asks, “What if we were to spend your trillion to provide job training in computer coding, artificial intelligence jobs, renewable energy jobs and jobs rebuilding infrastructure?” I have an idea. How about we let the people decide how to spend their own money? That’s called freedom. But we can’t have that because the collectivists know what’s best for us individuals.

Photo by cottonbro on Pexels.com

Continue reading at: https://www.cnbc.com/2020/08/16/op-ed-the-next-stimulus-should-be-spent-on-job-training-and-rebuilding-a-better-american-economy.html

Categories: Uncategorized

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