Where Are All the Workers?
It is impossible to drive through any major city without seeing a plethora of help-wanted signs. Despite an impressive jobs report last month, businesses are still desperate for workers. Some of the blame can be laid at the feet of PPP and the severing of the employee/employer relationship. Another explanation is the sky-high inflation we are experiencing that has forced workers to find more lucrative jobs. Regardless, the underlying issue is an acceptance of Modern Monetary Theory. Let me explain:
We have aborted 60 million potential workers in the past 35 years.
MMT will surely lead to a sovereign debt crisis of the kind we associate with places like Venezuela and Argentina. The difference here is that we're talking about destroying the world reserve currency, which will inevitably lead to another currency taking its place. That will be followed by 30 - 50 percent increases in the price of EVERYTHING. These people simply do NOT understand the forces with which they're playing; when they do, it'll be far too late, and may Almighty God have mercy on us, for no one else will.