In the United States, nearly one-third of adults, about 76 million people, are either “struggling to get by” or “just getting by,” according to the third annual survey of households by the Federal Reserve Board...
...Over all, the survey depicts an economy in which many Americans face daily hardship, while even the college educated — the presumed winners in the economy — still face big obstacles.
The findings argue for continued low interest rates; for government policies and federal spending to help create good jobs at good pay; for affordable education that starts at preschool, thus fostering college-ready students; and for a safety net that can withstand today’s potent economic forces.
It hasn't worked to lift people out of that malaise, and the reason is obvious:
Those entities are
Witness Uber, who is "leasing" cars to "drivers"
In 1920, faced with a massive over-capacity problem (fueled by speculative stupidity over the end of WWI, the return to civilian production and the boys coming home) and a crashing economy The Fed, then 7 years old
The result? In 18 months the economy had
The only reason that event is not called a Depression is that
There is no answer -- ever -- to be found in protecting idiocy, monopoly, exploitation and predatory behavior, all of which riddle our economic landscape today. The worst examples are found in exploiting those who have the least going on between their ears and thus the least ability to analyze and resist the siren call of "cheap money" --
Thus the two biggest scams of today:
The NY Times editorial board either does know this
Pick one, but don't drink their grape Kool-Aid -- it's laced with cyanide.
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