« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: President Obama's economic legacy has just been cemented 

By: monkeytrots in POPE IV | Recommend this post (1)
Sun, 08 Jan 17 4:02 AM | 49 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 17646 of 47202
(This msg. is a reply to 17635 by Zimbler0)

Jump:
Jump to board:
Jump to msg. #

Zim >And the labor force participation rate has not been
this bad since the Carter 'stagflation' presidency.

Remember +18% inflation and mid 20's% home interest loan rates ?

Of course we do. Directly caused by Richard Muhamad Nixon's communist regime (unConstitutional wage and price controls - pure communist).

It was NIXON who took us off the gold standard, which resulted in MASSIVE printing of fiat money under Nixon and Carter - the direct and ONLY CAUSE OF INFLATION. He knew it - and that is why the misdirection of 'wage and price controls' was instituted - to direct US away from the REAL cause of inflation - THE FEDERAL RESERVE BOARD PRINTING OF MONEY. He succeeded beyond belief.

Source: Mises on Inflation - simple, direct, and correct.




Avatar

Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good ...


- - - - -
View Replies (2) »



» You can also:
- - - - -
The above is a reply to the following message:
Re: President Obama's economic legacy has just been cemented
By: Zimbler0
in POPE IV
Sun, 08 Jan 17 1:47 AM
Msg. 17635 of 47202

>>
Obama is likely to leave the White House as the only president that didn’t oversee a year of 3% GDP growth since Hoover. The labor force participation rate is hovering near 38-year lows.
>>


By the way,
Hoover was how long ago?
And the labor force participation rate has not been
this bad since the Carter 'stagflation' presidency.

Zim.


« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next