You Never Can Cure Poverty. Poverty Is

What Central Banks Can Control Is A Base And One Way They Can Control The Base Is Via Manipulating A Particular Interest Rate, Such As A Federal Funds Rate, The Overnight Rate At Which Banks Lend To One Another. But They Use That Control To Control What Happens To The Quantity Of Money. There Is No Disagreement.

The Fall Of The Berlin Wall Really Demonstrated Beyond The Shadow Of A Doubt That There Was A Bad System, And What Subsequently Happened In The Soviet Union, That That System Was A Failure.

The Way You Solve Things Is By Making It Politically Profitable For The Wrong People To Do The Right Thing.

All Of The Progress That The Us Has Made Over The Last Couple Of Centuries Has Come From Unemployment. It Has Come From Figuring Out How To Produce More Goods With Fewer Workers, Thereby Releasing Labor To Be More Productive In Other Areas. It Has Never Come About Through Permanent Unemployment, But Temporary Unemployment, In The Process Of Shifting People From One Area To Another.

The Big Problem For A Democratic Government - Democrat With A Small "d" - Is How To Hold Down Government Spending.