Economic populism would be an improvement if it could actually exist. The prospects for that are very poor though since the party exists to serve the plutocracy that owns everything in sight. The problem is the Federal Reserve enabling of free trillions of dollars for the richest. That seems a kind of treason. Quantitative easing was the most recent culprit and the last Bush and Obama administrations let the rich have north of 200 trillion dollars. The number is so large I wonder, since I am not an economist, how it can be right.
I wrote about the issue here WordPress.com and here WordPress.com
The broadcast media is owned by the rich and many analysts and commentators are motivated more by profit for themselves than accurate scholarly work. There was nothing in the constitution in support of the government giving trillions of zero interest loans to the private sector and big business. The marginal reserve of 10% means that every dollar on deposit for a zero interest loan from the Fed allow 9 more dollars to appear out of thin air for loans to others that appear with real dollars repaid. That policy unbalances the political system so much that plutocracy develops and the democracy a sham.
Populism should equate to egalitarianism rather than sycophancy with billionaires’ special interests.
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