Monetary Policy Won't Stop Inflation, Physical Growth Will

 May 09, 2021 ·  

Image credit: T. Henderson, CFS/MIT-PSFC

As inflation surges—in basic commodities, used cars, home prices, etc., the response coming from inside the Beltway is doomed to fail. Monetarist tools, whether it be government spending or adjusting money supply and interest rates, miss the twin elephants in the room: an out-of-control speculative bubble, reignited since the 2008 crash, and the collapse of real physical production, fueled by the pandemic shutdowns and green policies. 

Only by drying out that bubble and creating a massive increase in physical production, driven by Lyndon LaRouche's concept of new economic platforms, can the U.S. economy be rescued. That solution will not come from Washington, DC or Wall Street. It must come from a mobilized movement of citizens, committed to educating themselves and their fellow citizens in this new language of economics.

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    • Benjamin Deniston
      commented 2021-05-10 10:25:07 -0400
      Well said Steve! Unfortunately, I don’t think a P-5 summit would work with Biden as the president of the USA. We’ve got to get the United States on the right track.
    • Steve Kaylor
      commented 2021-05-09 17:50:53 -0400
      Yes, the West’s $2 thousand trillion bubble can not be salvaged via more bailouts by the Fed + ECB or by the Greening of all investment. Instead, citizens must learn about NASA modeled science drivers and negentropic Economic Platforms – then bring the leaders of the P-5 nations to a Summit, so that a New Bretton Woods credit architecture can be constructed !
    • Benjamin Deniston
      published this page in Shows and Events 2021-05-09 11:41:03 -0400