Thread by @optimist_press

@Sen_JoeManchin @WSJopinion "The word 'inflation' attracts a lot of negative attention, but inflation also has the potential to reverse economic stagnation. FDR’s New Deal played a significant role in post-Depression economic reconstruction and is a prime example."

amazon.com/Levers-Power-G…

@Sen_JoeManchin @WSJopinion "Inflation, deflation, these market descriptors have been embellished, recontextualized and divorced from their primary and original function."

optimistpress.substack.com/p/the-federal-…

@Sen_JoeManchin @WSJopinion "Currency, deflation, inflation and the institutions designed to regulate them don’t exist in the a priori, abstract environment that produced them."

amazon.com/Levers-Power-G…

@Sen_JoeManchin @WSJopinion "The owners, financiers and speculators who owe power and privilege to the macabre sideshow they call a 'society,' dread deflation. It threatens an economic model predicated on the assumption of their own unabated wealth creation, so . . ." optimistpress.substack.com/p/the-federal-…

@Sen_JoeManchin @WSJopinion ". . . it’s no coincidence the dollar has been in a state of constant inflation since the Federal Reserve was created."

amazon.com/Levers-Power-G…

@Sen_JoeManchin @WSJopinion "Inflation and deflation are simple yardsticks for a tool intended to serve as a medium of exchange, but in the words of the 1912 Progressive Party nominee for Governor of Connecticut Willard Fisher . . ."

optimistpress.substack.com/p/the-federal-…

@Sen_JoeManchin @WSJopinion “. . . 'the sufficiency or insufficiency of the supply of money cannot be determined without taking account of the expansion of commerce.'”

amazon.com/Levers-Power-G…

@Sen_JoeManchin @WSJopinion And this is the critical point, @Sen_JoeManchin: "Ultimately, the value of the American dollar matters little or not at all. The method of redistributing money to facilitate the flow of commerce matters."

optimistpress.substack.com/p/the-federal-…

@Sen_JoeManchin @WSJopinion "The premise of our economy is debt, and an inflationary economy can absorb exponentially higher volumes of debt in the creation of a society deeply divided by class coupled with tumultuous upheaval."

amazon.com/Levers-Power-G…

@Sen_JoeManchin @WSJopinion "It’s no coincidence the curve for gross domestic product is nearly identical to the curve for debt. As private debt increases, a banking cartel named after Hamilton’s Federalist Party swaps out the bad assets . . ." optimistpress.substack.com/p/the-federal-…

@Sen_JoeManchin @WSJopinion ". . . of “too-big-to-fail” banks with injections of liquidity while pinching a steaming load of ass into the public portfolio. Meanwhile, the central government showers corporate America with tax breaks(36) and stimulus that they gamble away on . . ."

amazon.com/Levers-Power-G…

@Sen_JoeManchin @WSJopinion ". . . frivolous and dangerous nonsense, and when the system shudders from the sheer volume of deceit, government scoops the losses out of our flesh."

optimistpress.substack.com/p/the-federal-…

@Sen_JoeManchin @WSJopinion @threadreaderapp, unroll please.