Wednesday, April 30

Thinking Outside the Box.*

Maybe it's not bad, but what we need more of right now?

Carr:  Any man loud talking spends a night in the box. You got questions, you come to me. I'm Carr, the floor walker. I'm responsible for order in here. Any man don't keep order spends a night in...
Luke: ...the box.
Carr: I hope you ain't going to be a hard case.
[Luke smiles and shakes his head]


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* ie/ Prudence = Folly
in stimulating Demand.

Remember FDR, people?
How we WORKED our way out
of the Great Depression?
We stimulated demand.

We, the governing People...
We elected results.
WE stimulated economic DEMAND,
(a basic economic concept
we should all be familiar with).

We stimulated demand
first artificially, with
government INFRASTRUCTURE and WORK programs
and then through the war works.
We've already built the bombers
and employed the soldiers and doctors
and independent contractors...

We're tightening our belts on defenseless
military "defense" spending.
It's what the People want,
what they elected the servants to do.

But it's no time to pinch public pennies;
(Hoover taught us that; the Japanese too.):
Now is the time to REINVEST here at home.
To get OUT of the liquidity trap
(not Double Down on stagnating and aging).

To physically BUILD UP the undergirdings of support:
our bridges, roads, banking systems, environmental defenses. And thereby building up our workers, our productive People.

A new covenant.
A new compact.
A new deal.
It's what has traditionally worked. No doubt.