December 6, 2022

Government authorities: No Money, No Problem

Governments may conjure up money in the printing press—with predictable results

Perhaps you have lusted for a Lamborghini? I possess. Specifically, the Lamborghini Aventador LP 7~00-4 Roadster transformable. There’s only one thing preventing me from getting one.

With options, it sells just for under half a million dollars. That’s intended for a  car , a special car, but by no means the most expensive. If I wanted to, I can try talking the company directly into producing another  Lamborghini Veneno , which people paid $4. 5 million in order to was introduced in 2013. Zero to one hundred kms (zero to sixty-two miles) per hour in 2 . 8 seconds. Of course , one buys a Veneno for more factors than that.

Yet I wonder the way the owner of one would feel if he or she came up against, say, a Suzuki Hayabusa or perhaps a Kawasaki Ninja ZX-14R, each street-legal  production motorcycles that could hold their own towards a Veneno . In case you sink $4. 5 mil into your wheels and show up short against a device costing one-three hundredth that will but which still attracts attention to its sound and looks, that’s not good.

Lamborghini only made three Venenos, one in each color of the Italian flag. They sold all 3 sight unseen. You billionaires will shrug at that, but I don’t.

No money, no Veneno. But wait— I no longer actually need to  very own   $4. 5 million, do I? I could continually try borrowing it.

I could talk to the bank loan officer, just to view the look on her face. I bet at least one of us would certainly laugh. And, of course , even when she went insane plus loaned me the money, I actually still couldn’t convince Lamborghini to sell me a car.

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

Never State Never

But I can’t quite give up. I could sublimate the wanting for automotive power in to some other realm. I choose to run for political office.

I run on the slogan “ Necessary, No Problem. ” In debates with my opponents, I point out that John Maynard Keynes is the most influential economist in the world and Keynes stated money ideally should be  interest-free to promote investment . There were people who were upset with this simplified interpretation, but since no one understands what Keynes meant, the interpretation is up for holds.

Assuming the economy is at less than full employment— and when is it not really? — money should be offered interest-free. Interest meant funds was scarce, but exactly how preposterous is that when government is part of the picture? “ Let each become all of the he is capable of being, ” I add, recalling a  slogan from our state college days .

This seems good to most ears. My strongest supporters, most of who are college educated, consider this an enlightened position. Techniques most trained economists, a number of whom endorse me. On election day, I earn by a landslide.

Years pass. I write a book. I go on TELEVISION talk shows every chance I get. I shouldn’t talk about Lamborghinis. I discuss the economy and how  accommodation   is the key to making things much better. I make a name regarding myself. My political celebration likes my prospects for your presidency. So do other people not directly associated with politics, people with a big stake in the status quo. Folks who could buy a Veneno the next day.

My foes charge me with favoring unlimited government debt. I reply with a crisp “ So what? ” Aside from  President Andrew Jackson’s driving the debt to zero in 1835 , we now have always had an astronomical debt, and it hasn’t hurt us. What hurts us can be thinking it  will certainly   hurt us. We keep our creditors happy, so why worry about debt? We can’t be the country we are going to capable of being if we shun debt.

Commoners feel a little uneasy regarding embracing inconceivable levels of debt, but they’re in debt themselves and haven’t fallen off the planet, so they’re okay with it, sort of. Any fears they have about the arrival of the reckoning day are soothed by government economists who tell them “ we all owe it to yourself. ”

I run for the presidency. It’s a tough campaign, full of the usual dirt, but We win.

I’ve become president of the United States plus commander-in-chief of the armed forces. Let me assure you— I have power, real power. Keep your zero-to-sixty times. When I go areas, I travel on Surroundings Force One.   Air Force One ! You don’t think about Lamborghinis or Kawasakis when you have a plush monster jet at your disposal. Apart from, I have other interests.

I want to leave the legacy. I want to be kept in mind as a great president.

I’m comforted from the thought that the greatest presidents in US history have been war presidents— Abraham Lincoln, Woodrow Wilson, Franklin Roosevelt. Now i’m also comforted by the knowledge that they were complicit in getting the enemy  to fireplace the first shot . They will knew war was good for the country even if the countrymen they will represented strongly disagreed. And there was one other advantage they had most people don’t acknowledge.

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

Our rival Russia gets raise red flags to. President Buturovich issues ultimatums. Who is he kidding? All of those other world, that’s who. We give him a call. We agree to have a limited war in a neutral theater. Military people talk about theaters all the time.

As soon as I hang up, China gives me a call. Those ingrates! Those people snoops! They won’t let us have our war. They’re threatening to stop loaning us the dollars if we pursue the military option, as they put it. Something about disrupting their markets.

I actually tell them they can continue producing iPhones. Americans will purchase them, even if a few Asians will be too busy dodging drones to stay in the market. They grudgingly accept it. I’ve got a legacy to go after. They understand.

I meet with my Treasury secretary. I appointed your pet. We’re old pals. I actually ask him what he thinks war with Russia will cost. He wonders the reason why I ask. I let him know. He resigns. He is not going to want that legacy.

I go to one more friend and ask him when war without a tax boost is feasible. He laughters. He used to head the Federal Reserve Bank of recent York. He’s an expert from arranging deals of any kind of size. He’s good friends using the chairman of the Fed. So , I appoint him Treasury secretary. The two of them assure myself there will be no monetary impediments to my plans.

How could there end up being? It takes money to fight a war, and the Given controls the money supply. And am appoint the guy that runs the Fed. Nice.

Then I believe: I had monetary impediments when I dreamed of buying a Lamborghini. Insurmountable impediments. No money, no Lamborghini.

How different life is at the top. I’ve obtained the Fed at my part. I can join the other battle presidents. No money? No problem.

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