A friend wrote that it cost him and and his wife $1,000 a day to visit NYC. Amazing! It makes me wonder if anyone but me realizes what that means. It’s not that prices are high, but that the value of the dollar is being debased by the Fed printing presses running day and night. That’s what “quantitative easing” means. All of it signifies that we’re in an enormous hole, and, to get out, we continue digging! And, as to the palaver that claims, “Wealth creates jobs”, the opposite is actually true. JOBS CREATE WEALTH! Henry Ford demonstrated this a century ago by paying his large work force enough money to buy his cars, thus making him one of the wealthiest men in the US. FDR knew this, so he created the CCC, WPA, etc. to get us out of the Depression, rather than continue digging by promoting wealth.
It cost a friend and his wife $1,000 a day to visit NYC
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