[freemrkt8]

As inequality has grown, so has the deficit.

But for decades, government programs ran surpluses.

It’s not hard to explain it away in memorized economics terms. The thing is those terms are merely one set of reasonable, generic language. Not immutable laws of reality.

Technology is moving faster than that because of government investment; IBM refused to invest in solid state fearing it would undermine sales of old tube computers. Government invested in and gifted them solid state patents.

What do you think the cheap money flowing to tech corps was about the last decade? Government subsidy of technology, which is verifiable in that now that rates are down tech genius CEOs are not innovating but pushing traditions of austerity. These companies are middlemen dependent on government subsidies.

[such12]

How is this relevant?

[briantakita]

The Fed prints fiat which goes into the banking system to VCs & other investment vehicles. Fiat is based on the credibility & debt of the issuer. When the issuer looses credibility & when the issuer issues more fiat in relation to assets & production, then the fiat loses value. Large tech companies have received much of this credit & debt based fiat. When the value of the fiat falls, then the large tech companies' value is increasingly based on fundamentals which is based on underlying assets & production.

[freemrkt8]

You think he’s wrong about how great government control would be, but the government is in control.