“Shared Sacrifice” 0
Sam suggests the Fed thinks that the peons are getting too big for their breeches because said peons are not willing to sacrifice food and shelter for the greater good return to shareholders.
Methinks he has a point.
Aside:
The economic theory that Sam savages represents the poisonous economic theory of the Chicago School at its most poisonous–that somehow putting persons out of work promotes prosperity, a concept that I find oxymoronic in the extreme.
Prosperity for whom? Certainly not for those who end up in homeless camps because they cannot afford a place to live. Of course, one can’t have ugly homeless camps ruining the vista, so the next step is to bulldoze them and scatter their inhabitants.
Thereby we achieve the greater good return to shareholders.
