Denial of Debt

, Cliff Kincaid, Leave a comment

debt photoIn addition to the problems of too much federal debt and too much spending, the issue of easy credit over the last seven years has been examined by Dr. Tracy C. Miller, an associate professor of economics at Grove City College and fellow for economic theory and policy with The Center for Vision & Values.

In a column titled, “Quantitative Easing and Recent Decline in Stock Market Prices,” he writes that easy money, or quantitative easing, has run its course, and that “The declining stock market may be indicating an impending recession for the U.S. economy.” He argues that more quantitative easing at this point won’t do the trick of keeping stocks rising and the economy growing.

The “great recession” in 2008 helped Barack Obama win the presidency. Another major downturn could play into the hands of the Democrats and their socialist allies, armed with Marxist class warfare rhetoric that could appeal to some angry Trump voters.

Cliff Kincaid is the Director of the AIM Center for Investigative Journalism, and can be contacted at cliff.kincaid@aim.org This blog is excerpted from a column that he wrote for AIM.

Photo by LendingMemo

Photo by LendingMemo

 

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