Not really. A lot of bubble economy exists in the real estate loans just like last time. Another biggie that people don't seem to think about much is the student loan industry. These loans can't be discharged in a bankruptcy. Something's going to have to give. It won't be pretty.
You are looking at the symptom, not the cause.
No, printing money results in higher consumer prices. The Federal Reserve results in high consumer prices.
Inventories don't 'output'. Variations of supply and demand is a normal part of any economy.
Nope. Our tariffs are in large part retaliatory of existing tariffs and subsidized products from other nations.
Have you forgotten the amount that Obama printed (practically overnight) to prevent banks 'too big to fail' from collapsing?
This is actually an excellent question. It's also the kind of question that if you ask twenty people what should be cut, you'll get twenty different answers.
In my opinion, the federal government should return to its constitutional limits. That is to say, the elimination of the EPA, the NEA, the Dept of Agriculture, the Social Security Administration, most of the FCC, most of the FAA, a good chunk of the NHA, the FHA, a fair chunk of the VA, the CPA, etc. That's just a start. As far as I'm concerned, it's not about the usefulness of any of these programs. It's about what is authorized by the Constitution of the United States.
Individual States can implement some or all of these programs themselves according to the authority granted in THEIR constitutions.
Local control is better.
