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Tuesday, October 23, 2012

Cancel Their Vote

A wise person once posited if every high school student were required to take and pass one course each on the Constitution and economics, the left would be a minimal political presence in this country. Even if an overstatement, that requirement would certainly lead to less idiocy of the likes below and far too prevalent in our republic (from Democratic Underground--where else?--via the Instapundit).
Let’s say that you have the ability to print your currency using your computer printer, and every merchant accepted your printouts as a valid exchange for goods and services. You need to pick up your dry cleaning? You printout a $20 bill and your cleaners hand over your garments without question. Same would be true for your mortgage, groceries, car note, etc. Your creditors even accept your printouts as payment on your debts. 
Given this, how can you ever be broke? Answer, you cannot be broke. The U.S. government is not in debt simply because it can create currency to pay off the debt, and our creditors gladly accept our currency as payment on our debts. You see, the world needs our dollars because the world needs oil, and in order to buy oil, you need dollars, which means that the world needs to stockpile dollars, and that means that the U.S. can print all of the money that it wants without incurring massive hikes in interest rates to attract lenders.
Breathtaking, isn't it? On November 6th there will be vast numbers of our citizenry who actually subscribe to drivel like that filing into the polling places. Keep it in mind when considering whether or not to vote yourself.


Anonymous said...

I'm in a bit of a bind myself. What kind of printer is it? But if the ink cartridges cost more than $20, forget about it. I'm no fool.

The Bovina Bloviator said...

Aw, you don't need a printer. Just draw a nice picture with a green crayon of the denomination you want. Only hateful republican merchants would reject it and they're probably gun dealers anyway!

Anonymous said...

I'm afraid my keepers won't let me have anything as sharp as a crayon. Maybe the new system will permit reasonable facsmilies (sic) done in finger paints. Then we could have rainbow money like the euro. With lots and lots of zeroes. It's so much fun making lots and lots of zeroes, just like the Fed.

Anonymous said...

At last the mindset behind the economic policies of the Weimar Republic is revealed and made comprehensible to non economist like me.