Tag: Tea Party

Central banks have pumped money into the economy, but this is no substitute for democracy

Tina Marie (Ms. Cat)

Central banks have pumped money into the economy, but this is no substitute for democracy

Since 2 March, the Fed’s total assets have leapt by more than half. Since 2008, its balance sheet has grown to 30% of the size of the US economy. Central bankers seem confident their actions will find public approval. “A firefighter has never been criticised for using too much water,” the governor of the Bank of Canada said.

This confidence is misplaced. Both left and right have reason to welcome the Fed’s emergency intervention, but new money flooded into private capital markets will inevitably flow into the deepest pockets. And without strengthening the democratic legitimacy of this policy, and using it for socially transformative ends, the reaction will strengthen those who are antagonistic to the practice of government – the populist right.

Boris Johnson Joins Trump in Redefining Conservatism

Tina Marie (Ms. Cat)

As Mr. Johnson’s decisive win in a hotly contested national election illustrated, the conservative movement in the West now has become markedly more populist and nationalist, and appeals to a distinctly more working-class constituency. Fiscal restraint, once a cardinal tenet of conservatism, matters less; rewriting the rules that have governed the global economy matters more.
— Read on www.wsj.com/articles/boris-johnson-joins-trump-in-redefining-conservatism-11576277776

Spending doesn’t matter to economic nationalists, apparently?! Sorry, Senator Rand Paul! The Tea Party has been usurped by White Nationalists, like Steve Bannon! If you don’t tow the line, you’ll end up like your friend, Justin Amash! You know, the one that the Freedom Caucus threw under the bus, the day they joined up with Bannon!