[quote=CA renter]
Ultimately, what Joe Sixpack thinks doesn’t matter. The puppet politicians care even more about their financial masters, because they know that as long as their financiers are behind them, they can send whatever message out to the sheeple that “this or that” is necessary, and they have no choice, etc., just like they did with the bailouts. And the sheeple will have no choice but to choose between the puppet on the right hand, or the puppet on the left hand. Both puppets serve the same master.[/quote]
I agree that the financial lobby has way too much influence, but I firmly disagree that what J6P thinks “doesn’t matter”… these are the people who vote, and politicians care only about re-election.
However, that’s beside the point… even under your interpretation, WHY would they allow a deflation to happen? The banks made lots of money when there was inflation, were brought to the brink of disaster while there was deflation, and then started making huge money again when inflation came back. If the banks are running the show, we know which option they will choose.
Deflation has no constituency! That’s why it won’t happen (at least not for any sustained period, or until we move to another system entirely).
