Eggplant: Hyperinflation destroys the middle class–the small and medium size, independent business owner. Why would the democrat want anything other than this.

Wretchard: The problem with your notion about iterative methods are 1) you are assuming good will (and along with it honest communications and informaton), 2) you are assuming a consensus on goals, metrics, outcomes and definitions of success, etc., and 3) you are assuming that you can use the full power of that method.

Iterative methods are wonderful when part of the loop is getting rid of problems, but when those problems are bad decision makers, incompetent government structures and a corrupt–even treasonous–political class, iterative methods may devolve down to just repeating the same thing over and over again with the same results, and we all know what that is a definition of.

Politics in the USA (mostly) heretofore have had obvious control mechanisms for feedback to break out of this insanity. Are they still in place?

Are the people so stupefying stupid to let the Republic and all it stands for and has stood for fall out of their hands? With the MSM like it is we may never know the answer to that question. We may be at the greatest crisis point in our history as a Republic.

The solutions to this financial mess, of course, are quite simple: Tax relief, regulatory relief and a pullback of government spending. All ths is obvious on the face of it. This is what we should be iterating on. Instead we are iterating on the New Deal–iterating on the collectivist totalitarian state–and the likely outcomes are quite well known.

Iterating with this sort of mind set will not get us out of this, or if it does odds are that the destination would be worse than where we are now.

It is sad that the GOP has let the Democrat’s get away with this “failure of capitalism” and “caused by deregulation” agitprop.

The crisis is becoming an almost metaphysical one now.