The Policy Options

From Chapter 9 of The New Depression: The Breakdown Of The Paper Money Economy –

Capitalism was an economic system in which the private sector drove the economic process through saving, capital accumulation and investment. The government’s role was very limited. The United States has not had that kind of economic system for decades. Today, the federal government spends $25 out of every $100 spent in the economy and state and local government spend $11 more. The central bank creates the money and manipulates its value. Almost all the major industries are subsidized in one way or another by the government and almost half of all households receive some kind of government assistance. Finally, the economic process itself is no longer driven by saving and investment. Instead, it is driven by borrowing and consumption.

This is not Capitalism. Market forces…