Wednesday, May 1, 2013
Dear President Obama -
The latest macroeconomic market data tell us that despite a policy of ultimate liquidity, the Federal Reserve is unable to devalue into sustainable civil growth.
Too much growth has been pulled forward and for too long, and the present nature of social programs disincentivize legal entrepreneurship.
Consequently, [illegal] drug sales will always be a large entrepreneurial market because of the pleasure seeking behavior exhibited at large by those who have quit on themselves and require less energy to expend on personal advancement. [**]
The Fed cannot be seen as inflexible to the point that their policy creates a sovereign weakness.
Too, Free Markets and individual liberty are hallmarks of American Capitalism.
Please gather your panel of economic advisers and give back to the markets the final years of your term before making this current bastardization a political issue.
It's about the good guys and the bad guys now. Government doesn't need to be in a market keeping the dogs back from the carcass. If a race of market participants exist to drive this country into civil disrepair their actions must be exposed, not delayed and exacerbated by the lasting repercussions of the current face of QE.
One cannot print entrepreneurship. Quantitative Easing was an important and necessary decision into the lows of the last crisis, it should not be another social crutch left to its devices.
** - I feel social programs incite a human characteristic for pleasure seeking by depriving the innate mechanical drive to self-support. The pleasure derived is meant to replace the satisfaction of personal accomplishment. In this way, social programs create a number of the victims who end up in jail.