Economy

who shifted the bulk of the country's wealth away from the working and onto the richest. Average wages have lost purchasig power every year since the late 70s, Greenspan diddling the CPI by filling the standard market basket with cheaper options.

Every extra dollar to the rich is a hoarded dollar. Every dme to working people is going to be spent, adding labor at every place in the economy it goes, increasing the worth of that dime. Money at the bottom increases business at all levels as it travels through the economy. This has long been known as the multiplier effect, something Republicans want to pretend doesn't exist.

The "invisible hand of the marketplace" is a fairy story, even Adam Smith knew capitalism needed regulation. The multiplier effect is a real phenomenon, demonstrated and replicated across cultures and continents.

It's time to drive a stake through the wicked hearts of Hayek and von Mises and admit that running a country on the cheap for the benefit of a tiny class of rich men does not work. It's time to take care of the rest of us for a change, paying a real day's wage for a day's work and bringing back the concept of the commons.