Healthcare- Why allow emergency rooms to be cattle stalls for the uninsured ? All debt is written off for tax breaks by hospitals?
The funds could be allocated to subsidize clean community health centers for all citizens. Pay per affordability.
One subsidy will provide a healthier physical and fiscal community and lessen costs due to the proactive measures of health in the community
Education – American children know safe sex at 18, but personal finance savings and credit is not. Which impacts life first sex or money?
Financial System- The Federal Reserve under Ben Bernanke did use every tool to jump start the economy and the consumer banking system. The tools would work as the models predicted or calculations demonstrated, but the aggregate impact could not jump start the economy. The Federal Reserve cut benchmark rates to near zero and flooded the banks with cheap cash for the banks to lend out in the communities, but credit was tight and small business and credit worthy consumers were excluded in the credit squeeze. The banks had the money, but they did not lend but spent in government debt and day trading to reap huge profits. The Federal Reserve did not understand the missing component because it could not be calculated or structured into a model for a computer to determine the end scenarios.
Relationship of bank(company)-consumer-and community was broken and destroyed. Bernanke was the great student of The Great Depression, and he was a master of theoretical solutions to avoid a bank run as in the Great Depression. The removal of the fundamental relationship banks played in the role of consumer and community. Business and community financing drove widespread prosperity through communities large and small before deregulation…
My father was an inventor of a plant food fertilizer, and he went to the local bank in his early 20′s with his idea, plan, and zero dollars. My dad was supported by the local bank. That does not happen in banking today.
Ben Bernanke did not get it because it is an emotion of a relationship. Emotions do not play a role in economic policy.