Economy : There is only one infallible truth in economics; “The only way to save money is to spend less than you take in!” Whether you are a government, a business or an individual person the same economic law applies. It doesn’t matter how much or how little you take in as long as you spend less than you make, otherwise you are eventually headed for economic disaster and bankruptcy, possibly even worse. This includes those who print their own money! As for President Trump’s impact upon inflation, we must start at the beginning. Inflation in a free market economy is a direct result of supply and demand. When too many dollars are chasing too few products those products will become more expensive. Conversely, when the supply of products exceeds the demand the price will come down. The supply of products and services available to the consumer are directly attributable the incentive (profit) for producers. If the demand at X price does not allow for an attractive profit, producers have no incentive to produce. If producers demand a higher price than the consumer is willing or able to pay, the products remain unsold. Either way the economy and the citizens suffer. When President Trump took office in 2016 he started working on things that would increase both supply and demand. As a savvy businessman Donald Trump is well versed in how money works in a capitalist society. Realizing that energy was the single most important key factor in boosting the economy he promoted energy production from all our different recourses; atomic, solar, natural gas, hydro-electric, petroleum, wind and coal. Until our technology can catch up to demand with cold fusion, zero-point, free energy, etc. we will have to depend upon what we have to use that God gave us. Energy supplies the power needed to produce, manufacture, process, wrap and package, transport, store, refrigerate, inventory, advertise, deliver, goods and products. First he established new government rules that removed many redundant bureaucratic regulatory impediments to production making it easier for producers to earn a profit. When more producers see there is a profit to be made then more producers will get involved creating competition by increasing supply that will bring prices down. Then Trump focused on eliminated unfair foreign competition by cancelling unfavorable foreign trade deals we had with other nations. President Trump was working on reducing interference from congressional cronyism and lobbying influences. A free market economy mandates fair competition in all areas of business. We need to address the National debt, taxes and the economy. This is how liberal socialism works, it spends money without regard to revenue or resources and ignores the consequences until it is too late! Then it taxes the citizens until they have nothing left then borrows in their name to leave them indebted for generations, meanwhile the economy collapses and Martial Law is established to control the masses. The despots oppress the citizens as much as they can get away with until they are forced to quietly pack up their ill-gotten booty and retire to foreign lands in exile. By the time these progressive liberal socialists Democrats figure out that they have been made fools it will be too late, they will be standing in bread lines thirsting for clean water to drink or worse yet on the ramp to the ovens or marching into the gas chamber. The only plausible economic system that can work to the benefit all citizens is well regulated free market capitalism governed by the laws of supply and demand supported by fair competition. To level the playing field all national government price supports, artificial allowances, grants, fiscal supplements, financial incentives and monetary enhancements must be removed. Certain political associations between corrupt politicians and corporate, industrial and banking concerns tip the balance of economic power toward those concerns giving them a decisive unfair advantage to those concerns. This has become a very serious problem and has to be dealt with. Unfortunately, there are strong forces within and from outside this nation that are fighting against President Trump in order to keep the status quo. The biggest obstacle to our economic freedom and prosperity now is coming from the globalist banking system, especially the privately owned Federal Reserve Bank. Everybody is aware the economic engine is predominately fueled by consumer spending and with the economy wallowing in the doldrums and very high unemployment they are afraid. Consumer confidence is way down so they are not willing to spend what little reserves they may have left. Businesses has been stockpiling large cash reserves and not willing to invest or expand or hire for the same reason. Here it is, what we need to do is change the tax law. The federal government needs to increase the corporate tax rate on retained earnings and then establish a tax credit for hiring new employees. This should stimulate the economy.
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Hey Nick this is a great write up and strongly agree and voted for it.
We need to spend less than we take in which means we need to decrease spending and increase revenues NOT through more inefficient, oppressive and economy strangling taxation but by increasing economic output . Unfortunately foreign companies siphoning jobs and profits out of the country are a major obstacle le to the at.
I think you may agree with my proposal and I hope you’ll vote me back!
D
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