"A Radical Plan To Save America’s Economy In One Year"

 

That's the title of an article by Brandon Smith, whom we've met in these pages on several occasions.  He proposes some radical steps, but points out that until relatively recently they were considered normal by most Americans.  It's only since the loony progressive left gained prominence that they've been pushed aside.

National solutions require millions of Americans get off their couches, go outside, and take extensive risks. This is why human beings in general tend to adapt to the worst conditions until things are so bad society snaps. We wait until we can’t stand it any longer, and then finally, we take action.

. . .

The thing is, time is running out and debate is a luxury. I believe Americans today are close to the breaking point economically with stagflation continuing to crush the middle class and those already in poverty. The future is bleak; housing costs have spiked to levels beyond what the vast majority of people can afford. All necessities including food and utilities have seen a 30%-50% minimal price increase since 2020, and inflation continues to rise.

Wages are stagnant and profit margins for employers are shrinking, which means the jobs market will be next to see cuts. By the end of 2025 and under current policies, I suspect we will be witnessing a combination of serious deflationary and inflationary crisis events simultaneously. A crash in employment and GDP combined with incessant price jumps on goods and services.  This crash has been decades in the making and might be unavoidable. That said, I do believe there is a way out, but it requires dramatic changes in the way our government and society operates.

The policy measures I suggest are a kind of fiscal time machine – A way to turn back the clock on collapse. Some might consider them “radical” but they are only policies that America USED TO value and that we have been pressured to forget. Can the modern American brain with its steady exposure to big government and socialist programs handle such a shift? It’s hard to say.

There's more at the link.  I won't steal Smith's thunder by going into each of his proposals, but I recommend that you click over to his article and read it in full.  It's worth your time.

Whoever wins November's elections for the Presidency, House and Senate is going to face a very serious economic situation.  Will they have the courage to stake everything on a radical solution, as President Milei is doing in Argentina (and, at least to some extent, succeeding)?  Or will they "kick the can down the road" in the hope that by the time everything crashes down, they won't be in office and can't be held accountable?

Your guess is as good as mine.

Peter