Are there really people out there just itching to start new businesses so they can get tax breaks? Who yearn to go into deeper debt to start a business which will probably go bankrupt within a few years?
Americans are more in debt than their government. To pretend that offering more credit is the way to economic health is astonishingly irresponsible.
Especially because while small businesses are encouraged to borrow, large corporations are subsidized by tax money. They get grants, not loans. They get land giveaways, infrastructure building, tax holidays and other "incentives", which workers and small businessmen pay for. They get welfare mothers forced to work for them for minimum wage.
We need to quit talking about stimulating the economy, saving the economy, or helping the economy.
The economy, which now seems to be a code word for the FIRE section of the economy, the part that lends money, is not working for actual people..
The government should help people, not the "economy".
Screw the banks. Let them fail.
The government has the power to issue money. The Constitution gives them to power to mint coins, i.e., money. The Powers That Be twist this into saying that the mints make coins, and the Federal Reserve prints the paper money. This is absurd. Clearly, minting coins means issuing money