Loading ...Yes sir Captain, that’s exactly right. The 1st and 2nd generation Central Planners were definitely a lot smarter. They knew better, that the money would lose value over time, and mandated a high minimum wage, and indexed to inflation.
The 3rd generation central planners, grown up affirmative action baby boomers, all brain washed, are as dumb as a stump, while the financial situation during their influence got far more complicated.
And they understated the inflation rate, neglected to raise the minimum wage accordingly, they got tricked or bribed into Strong dollar policy, Free Trade, NAFTA GATT etc, they busted the labor unions and allowed off shoring of industries. Obviously anti American pro foreign moles we were paying taxes to.
It doesn’t matter anymore. They crashed the “car” its beyond repair, and can’t have another one.