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Wednesday, December 30, 2015
My dilemma..
I like conventional Democratic social issues, particularly that of Bernie Sanders, but his way of economic growth is focused on the same Keynesian ideology of needing a federal reserve to instill purchasing power. I'm a firm believer in a free market regulatory set for interest rates, based on supply and demand of wealth PEOPLE have, which the fed distorts in interests of big banks and the rich. Guys like Ron paul say we need no income tax or any government, but government is a necessary evil to some degree, and I'm not quite to the point of cutting things like the Department of Education. I want to like Democrats for the values of investing for future generations (because lets face it, republicans are good for nothing but cutting taxes on the wealthy and getting money for their private corporate donors) but the root economic principles that have failed us so much in the past is a clear Keynesian ideology rooted in demand side economics and stimulating spending to cure economic hardship, rather than taking a recession to let companies that deserve to go, fail, liquidate debt instead of propping things up, and intervening in the free market. After all, all the fed does is create opportunity for the 1%, who Bernie hates, not the middle class. just allows the middle class to go into debt easier with artificially low interest rates to give the rich speculative opportunity with no risk. The supply and demand free market regulatory basis of interest and capital taught through Austrian Economics holds extreme importance with my ideology, but so many neoconservatives bash this basis as we've seen through guys like Bush. I know it is contradictory but I suppose my dilemma is being a pro growth, austrian thinking liberal.