If you’re a big-time stock broker, you’re probably doing pretty good right now.  For you, the US economy couldn’t be better.  Why, look at the Dow, it’s hitting record highs!  Everything is humming along, the sun is shining, friggin’ bluebirds are chirping outside your high-rise office window, wonderful days…

The average American, however, is on the downstroke.  The cost of living is increasing, wages are stagnant, and the next time you hear them say on the news how well the economy is performing you’re gonna kick a field goal with your TV.  Why the gulf in interpretation?

Simple: money supply.  Those dollars created out of thin air have to get into circulation somehow, and that way is through the big banks.  From there, they’re used for (over)investment, making demand seem higher than it actually is.  The government thinks you’re not spending enough money, so they’re making it easier…by making things cost more.

It’s quite obvious from the results of all this that such currency manipulation helps the wealthy at the expense of the poor.  So why do so few on the Left seem interested in monetary policy?