The way to make America prosperous again is to produce more than we consume. It's that simple. There is no Secret Recipe DF8GVEXEW35G that awaits discovery by some government economist; no production function that will right our economy by adjusting the inflection points and certainly no gimmick from the Federal Reserve Chairman that will fool the market.
We simply have to produce more than we consume. It's what we capitalists call "creating wealth". It's something the current administration has forgotten: Before one can redistribute wealth, wealth must be created. Progressives often forget that simple fact.
The problem for the Obama Administration is that government cannot create wealth. Individuals create wealth. Government can confiscate the wealth of individuals through taxes and fees, but it cannot make wealth.
Some of you may object and point out that with the assistance of the Federal Reserve System, the federal government prints money. You would be correct; it does print money, but money is not wealth.
Money can do many things such as act as a medium of exchange, and it can even be a tool for storing value, but printing money only reduces the value of each individual piece of money in existence. It does not create wealth. In fact, if you use money as a store of value and the government prints more money, then your money lost value.
We simply have to produce more than we consume. It's what we capitalists call "creating wealth". It's something the current administration has forgotten: Before one can redistribute wealth, wealth must be created. Progressives often forget that simple fact.
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The problem for the Obama Administration is that government cannot create wealth. Individuals create wealth. Government can confiscate the wealth of individuals through taxes and fees, but it cannot make wealth.
Some of you may object and point out that with the assistance of the Federal Reserve System, the federal government prints money. You would be correct; it does print money, but money is not wealth.
Money can do many things such as act as a medium of exchange, and it can even be a tool for storing value, but printing money only reduces the value of each individual piece of money in existence. It does not create wealth. In fact, if you use money as a store of value and the government prints more money, then your money lost value.
