Having lending rates, or interest, set to 0 does not guarantee inflation. Look at Japan. Their interest rates have been low for an extremely long time. But their inflation rate is very small over the past decade. In fact at times, the inflation rate dropped.
Yes, but Japan also has a very high savings rate. Their mentality about borrowing money is different. Do you see a culture of savings in the United States? Look how many things you can finance.
Interest rates don't guarantee "inflation" because that would insinuate a specific threshold of monetary growth upon which the state of inflation would depend. It increases inflation. Any monetary growth more than 0 is, by definition, inflation. What low interest rates guarantee, through the function of central fractional reserve banking, higher inflation than without low interest rates.
The reason leaving interest rates to be determined by the market is critical is because monetary growth would control itself. Low interest rates would generate a lower demand for capital investment, driving rates up until more capital was created, driving rates down.
There is a very simple reason why stuff is off-shored: Lack of tariffs
It contributes to reduced cost, but it isn't the only force.
[/quote]The blame cannot rest with the everyday consumer for buying stuff at Walmart or goods manufactured cheaply overseas. Its human nature to get the best deal and save money, always has and always will.[/quote]
Yes, and the best deal will come with a price – the offshoring of jobs because of the greater competitive production environment available elsewhere. That's like arguing that reproducing can't be blamed on humans because it's human nature to reproduce.
Buying domestic obviously comes with a higher cost, but it's a cost that buys something some people are willing to pay. I bought my snowboards from companies that make them in America (with the exception of Capita). I pay more money, obviously, but that extra cost pays for something that I want to buy.
So yes, the blame does rest with the consumer. Either they are too ignorant to understand or do not care. If demand for US made products came in to vogue, do you think more companies would offer American made products and aggressive market this aspect of these products?
I can say with certainty that if the US hadn't implemented tariffs throughout our history, our nation would never have grown to be so powerful and so fast.
What do tariffs do? They intend to protect domestic producers by making imported wares more expensive, artificially. It stands to reason that the domestic products cannot be made as efficiently, because if they could be, they would be priced as cheap and the need for the tariff wouldn't exist. But this means to buy a ware of a certain type, now the consumer must pay more because they will either have to buy the import with the tariff or the inefficiently made domestic product. This means there are funds that aren't available to spend on other wares from domestic producers of wares in a different trade.
What tariffs do, unintentionally, is protect domestic producers at the expense of other domestic producers
Rather the blame should be directed at politicians because as leaders they have a duty to do whats best for our nation. Unfortunately as we all know, much of the leaders today pale in comparison to the iron will exerted by past leaders in history.
Yes, but the leaders are chosen and held accountable to the people. It is the duty of the people to make sure the leaders of the country do what is right. I'm not sure what this has to do with the point you're making above, either.
As for subsidizing the poor, you bet I support that, one of the reasons why I'm a Democrat.
This is erroneous. You don't have to be a Democrat to support that. I voluntarily give money through my local charities, I volunteered time in college and today to organizations like Russell House (a local battered woman's shelter), Habitat for Humanity and I volunteer on the holidays at local places (I did Bea Gatty last year, and TBH, it could have been better organized). I am unaffiliated with any party.