Anarchists do it without government interference!
jn
Anarchists do it without government interference!
jn
Since so much of Defense spending either involves bases and their civilian employees or contractors and their employees, trying to cut spending there causes job losses and angry voters. So the politicians go after the Operations and Maintenance budget, which leads to incredible short term savings. And long term problems.
Contractors make sure to spread the work around enough so that even anti-defense spenders have to think twice before a "No" vote.
In my book, Nixon was the worst President in the twenty first century. Worse than Carter, worse than Clinton, worse than JFK, and worse than Coolidge. His wage and price freeze caused the runaway inflation and the devastating 1981 "recession." He ended the gold standard allowing the Fed to print dollars pretty much at will.For that you can thank Dick Nixon, who dismantled the Merchant Marine just when I got out of the USCG and was planning on spending my life at sea.
Many of todays healthcare problems was spawned by the Nixon wage/price freeze. If you had a very productive, hard working, outstanding, employee, you couldn't give him a pay raise and so the employers devised a system to reward excellence in the work place. They were prerequisites or "perks." Group health and life insurance was created and now we know now what that did.
The Gold Standard! US GDP has gone up by ~10X since 1975. That means the demand for money to facilitate commerce has gone up by that much. No way that happens on the gold standard. Added irony in that the current administration wants to print money like we're in another Great Depression while telling us this the Best Economy Ever.
Last edited by togor; 11-11-2019 at 02:01.
certainly better then BHO's economy, or W's for that matter!