December 6, 2022

The situation for Unlimited Government Financial debt

“No money? No problem. “

Have you ever lusted for the Lamborghini? I have. Specifically, the particular Lamborghini Aventador LP 7~00-4 Roadster convertible. There’s just one thing stopping me through getting one.

With options, it sells for just under $500k. That’s for a  car , a special car, but by no means the most expensive. Basically wanted to, I could try speaking the company into producing another  Lamborghini Veneno , which sold for $4. 5 million when it was released in 2013. Zero to one hundred kilometers (zero to sixty-two miles) per hour in 2 . 8 seconds. Of course , one buys a Veneno for more reasons than that.

Yet I wonder how the owner of just one would feel if he or she arrived up against, say, a Suzuki Hayabusa or a Kawasaki Ninja ZX-14R, both street-legal  production motorcycles that could keep their own against a Veneno . If you sink $4. 5 million into your wheels and come up short towards a machine costing one-three hundredth that but which still draws attention to the sound and looks, that’s not good.

Lamborghini just made three Venenos, one in each color of the Italian flag. They offered all three sight invisible. You billionaires will wave at that, but I don’t.

No money, no Veneno. But wait— I don’t actually need to  own   $4. 5 million, will i? I could always try borrowing it.

I can talk to a bank loan officer, just to see the look on her behalf face. I bet one or more of us would laugh. Plus, of course , even if she went insane and loaned myself the money, I still could not convince Lamborghini to sell me a car.

So , no money, no loan, no Lamborghini. End of story. I stick with my paid-for truck or some other low fellow four-wheeler.

Never Say Never

But I can’t quite give up. I could sublimate the craving for automotive power into some other realm. I decide to run just for political office.

I run on the slogan “ No Money, No Problem. ” In debates with my opponents, I point out that will John Maynard Keynes is the most influential economist in the world and Keynes said money preferably should be  interest-free to stimulate investment . There were those who were raise red flags to with this simplistic interpretation, consider no one knows what Keynes meant, the interpretation is up for grabs.

Assuming the economy is at less than full employment— so when is it not? — money should be available interest-free. Curiosity meant capital was scarce, but how preposterous is that when government is section of the picture? “ Let every become all he is capable of being, ” I include, recalling a  slogan from my state university days .

This sounds good to most ears. My strongest supporters, most of whom are university educated, consider this an enlightened position. So do most educated economists, some of whom recommend me. On election day time, I win by a landslide.

Years move. I write a book. We go on TV talk shows every chance I get. I don’t talk about Lamborghinis. I talk about the economy and how  lodging   is the key to making things better. I make a name for myself. My political party likes my prospects for the presidency. Techniques other people not directly associated with politics, people with a large stake in the status quo. People who could buy a Veneno tomorrow.

My enemies charge me with favoring unlimited authorities debt. I reply using a crisp “ So what? ” Aside from  President Andrew Jackson’s driving your debt to zero in 1835 , we’ve always recently had an astronomical debt, and it has not hurt us. What affects us is thinking it  will   hurt us. We maintain our creditors happy, so why worry about debt? We can’t be the country we’re capable of being if we shun debt.

Commoners feel a little uneasy about embracing impossible levels of debt, but they may in debt themselves and don’t have fallen off the planet, therefore they’re okay with it, kind of. Any fears they have about the arrival of a reckoning day are soothed by govt economists who tell them “ we owe this to ourselves. ”

I operate for the presidency. It’s a hard campaign, full of the usual dirt, but I win.

I’ve become leader of the United States and commander-in-chief from the armed forces. Let me assure you— I have power, real power. Keep your zero-to-sixty times. When I go places, I take a trip on Air Force 1.   Air Push One ! You don’t consider Lamborghinis or Kawasakis if you have a plush monster plane at your disposal. Besides, I have additional interests.

I would like to leave a legacy. I want to be remembered as a great president.

I am just comforted by the thought that the best presidents in US history have been war presidents— Abraham Lincoln, Woodrow Wilson, Franklin Roosevelt. I’m also encouraged by the knowledge that they were complicit in getting the enemy  to fire the first photo . They knew war was good for the country set up countrymen they represented strongly disagreed. And there was another advantage they had most people may acknowledge.

One day, trouble erupts in some Asian backwater. Few Americans have even heard of it, but CIA agents stationed there tell me it’s a threat to national security. I do the correct thing and intervene— no boots on the ground, though. Everything is done with drones.

Our rival The ussr gets upset. President Buturovich issues ultimatums. Who is he kidding? The rest of the world, that is certainly who. I give him a call. We agree to possess a limited war in a natural theater. Military people talk about theaters all the time.

As soon as I hang up, The far east gives me a call. Those ingrates! Those snoops! They will not let us have our war. They’re threatening to stop loaning us our dollars if we pursue a military choice, as they put it. Something about disrupting their markets.

I tell them they could continue making iPhones. Us citizens will buy them, even if a number of Asians will be too active dodging drones to stay in the market. They grudgingly accept it. I’ve got a legacy to pursue. They realize.

I meet with my Treasury secretary. I actually appointed him. We’re older pals. I ask him what he thinks war with Russia will cost. This individual wonders why I request. I tell him. He resigns. He doesn’t want that will legacy.

I go to another friend and enquire him if war without a tax increase is feasible. He laughs. He utilized to head the Federal Hold Bank of New York. Your dog is an expert at arranging deals of any size. He is good friends with the chairman from the Fed. So , I find him Treasury secretary. Each of them assure me there will be no monetary impediments to my plans.

How could there be? It takes money to fight a battle, and the Fed controls the cash supply. And I appoint the particular guy who runs the Fed. Neat.

Then I think: I had financial impediments when I dreamed of purchasing a Lamborghini. Insurmountable impediments. No money, no Lamborghini.

How different life is at the top. I’ve got the Given at my side. I can join the other war presidents. Necessary? No problem.


CEO of FTX is Daughter of SEC Head’s Former Boss


Leave a Reply

Your email address will not be published. Required fields are marked *