Revolution 2.0

Introduction “It is a lot harder to create income and wealth than it is to spend it.” -Will Luden. We all know that from our daily lives, e.g., which is harder; earning and saving money for vacation, or spending it while on vacation? And this observation about earning and spending lines up nicely with common sense. The https://revolution2-0.org/killing-the-golden-goose-ep-44/ (Golden Goose) is our American capitalist economy, an economy that is by far the largest and most successful in the history of history. Hundreds of millions of people over 300 years worked long and hard to have created this robust income and growing wealth. COVID-19 is causing two massive spending-related responses, one more worrisome than the other: The approved and planned spending bills have either sanctioned or contemplated everything from free money, including direct cash payments and indirect money through rent and mortgage deferrals, and suspensions of loan repayments, to almost everyone in the US, with a couple trillion or so