In short he's talking about incrementally shredding money supply which will bring up dollar value.
That's a good short to medium term solution which if maintained back to prior money supply levels stretches to a long term solution.
This should be paired with cutting federal expenses, and temporarily maintaining tax rate in order to pay off national debt. While guiding lost federal jobs into goods production through incentives.
Once over the intial hump, incrementally lower tax rate and investments should be made into expanding and decentralizing goods production into surplus for export which will raise GDP long term.
The most difficult solution that fixes the actual problem.
Everything can be overcome with hard work.
What are the problems?
Number 1. Government refuses to go without, in fact it insists on growing. A perfect example of self sabotage.
Number 2. People refuse to go without certain services. Even if they are garbage.
Number 3. People are going to feel a hit to their pocket book for awhile as services are cut while taxes stay the same. Many will not understand how this is helping. And it won't help if gov keeps syphoning people's cash while refusing to do without themselves, which actually turns what it is supposed to a formulaic solution into mass financial rape of the commoners.
Comments
(Old Spike)
In short he's talking about incrementally shredding money supply which will bring up dollar value.
That's a good short to medium term solution which if maintained back to prior money supply levels stretches to a long term solution.
This should be paired with cutting federal expenses, and temporarily maintaining tax rate in order to pay off national debt. While guiding lost federal jobs into goods production through incentives.
Once over the intial hump, incrementally lower tax rate and investments should be made into expanding and decentralizing goods production into surplus for export which will raise GDP long term.
The most difficult solution that fixes the actual problem.
Everything can be overcome with hard work.
What are the problems?
Number 1. Government refuses to go without, in fact it insists on growing. A perfect example of self sabotage.
Number 2. People refuse to go without certain services. Even if they are garbage.
Number 3. People are going to feel a hit to their pocket book for awhile as services are cut while taxes stay the same. Many will not understand how this is helping. And it won't help if gov keeps syphoning people's cash while refusing to do without themselves, which actually turns what it is supposed to a formulaic solution into mass financial rape of the commoners.