Morning,
Markets are up.
Gold and Oil down, markets not too worried about the Israel/Iran scrap at the moment by the looks.
Think about what you can buy with your time and compare it to the past, not the amount of money.
One use to be able to buy your average family House and Land on one average income, say 40-50 hrs work, today one needs two incomes or 80-100hrs a week and then still struggle to afford two or three kids. Families use to be able to afford all these things without Government subsidies/Childcare and handouts too for the 40-50hrs work and didn't have to send the wife slaving either!.
This modern economics only makes it harder for people than the past, working twice as long for the same thing is going backwards not forwards, it's worse not better! Also having 25-30 yr Mortgages when we use to have 15-20 yr Mortgages is also going backwards!
If modern economics was better than smaller Government the average person would only be working 20hrs for a house and land, not 80 Odd without handouts. Governments don't make money, Governments cost money to fund, this funding money always comes from the consumer because thats the only place it can come from, the consumer always pays, this means the price of consumer goods and services includes the price and cost of government, the bigger the government the bigger the cost, the higher the prices we, the consumer, pays for everything, including housing, smaller Government means less costs to the consumer!
Different economic theory and different Government policies to today is/was the difference, not all economic theory is equal. America has what is called 'exceptionalism' , this is because it focusses on individualism moreso than Statehood which is something Milei realised after expanding his economic knowledge.
Just trying to help people think outside the box their minds are kept in, not just Justis, theres plenty of people that actually think like Justis when it comes to economics, if he don't wake up someone else might, people also need to be aware of different economic theory (which a lot are not) to be able to break out and think outside of the box which is taught these days. Milei only got exposure just over 10 yrs ago and it changed him.
But i'm going to ignore him today because like you say he's more than likely just a troll rather than wanting to learn something different.
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