The kitchen range has about four burners, each operating separately—one range with four separate operating burners.
As I've been viewing it, it seems that our economy has 3 separate burners functioning basically as three separate sections which have already been developing their names, Wall Street, Main Street and Easy Street.
Like the burners within an electric kitchen range, these subsections of the overall general economy more often than not function quite separately, one not directly nor always immediately affected by the others.
Main street is the economy presented to most of the people of the country and is a good portion of the middle population. I won't say middle class because it's no longer definable as it once was, if it ever was definable, but as the majority of the population, not extremely poor nor all that close to being wealthy.
Easy Street is made up a group mostly made up of “people of money” who do not worry much about money, many of them, never worried about money as it came with their place in the family.
Easy street is made up mostly of owners of yachts and homes in warm and easy climates and who never have to work to obtain the luxury pleasures of life. Their bodies, whatever their shapes are merely used to absorb these luxuries and for lying around for most of the day.
Main Street seldom rubs against Easy Street and Easy Street is generally unaware of the existence of Main Street and seldom in contact with Wall Street, let alone on a regular basis, even if many of its members came from there.
Wall Street is that element that manages the paper representing ownership and values. It deals mainly in price comparisons and in price anticipation, what is usually referred to as money and life there is to serve the moneyed classes with most of the efforts linked to becoming members of Easy Street.
Therefore most of the time and effort as observed recently, is to operate in price manipulation and in what has been described as a form of casino gambling.
Those top managers in this area, dealing in financial paperization, other than maintaining a place for price viewing, exchange and a for gamble in the manipulations of holdings or virtual holdings, primarily paper are producing little, if anything for Main Street except perhaps indirectly, primarily having to do with the savings of those on Main Street for what money they save must be placed somewhere, if not under the mattress along with a gun for protection.
Wall Street is usually producing a service for those on Easy Street and would-be paper for those seeking to gain entrance to Easy Street. These are generally quiet operations as Easy Street does not wish to be seen involved in any kind of dirty business although its sources are from there and they themselves once came from there.
Easy Street is rather oblivious as to what is happening on the other streets and does not what to know, except when it accepts new members that arrive to Easy Street, hardly ever from Main Street, except for those who “have made it good” in the rackets, otherwise most come from Wall Street desirous of placing both feet on Easy Street.
Main Street is made up mostly of those who provide services to all three of the Streets and who engage in producing the real products required by people for living at all levels and standards of living. There, is where recession impacts most and where all this unemployment causes the greatest disturbance.
Once we divide up our economy into these three general categories or sections, we can better understand what makes everything work within and outside of the boundaries of our nation in today's world. Now we can see where the recession or depression is actually located. No place else but on Main Street.
Clearly Wall Street operates for Easy Street but often receives some of its own rewards. Main Street is made up of those involved in services and production.
These entities are the basis of national wealth which mostly finds its way to Easy Street by way of Wall Street.
This total process which leads people toward Easy Street is referred to as a free economy.