Just a moment to introduce my cousin who is also a writer but of a much more political and all-seeing as to what is going to happen to us all type of person.

I welcome his first entry into this forum.

*SPOILER* - This is U.S. political humor, so be ready!

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Lindaru ;~)

I immediately detected some inefficiency in the plan, which in my view, were quite significant.  Further, I quickly realized that the tweaks that seemed so obviously required to me, would not only add efficiencies to the proposed system, but would in fact revolutionize the world of finance, economics, politics, and governance as we now know it.

The first thing that got my attention was the President's many references to paper money.  I know myself, that since the advent of the debit card I rarely carry money at all anymore, and, on the few occasions where I need it, it miffs me that there's not some way better way to handle the transaction.  I can't imagine banks handling it much better either, what with the need for expensive and clumsy vaults and safes.  Of course with a virtually unlimited supply now guaranteed, security issues would be either greatly reduced if not eliminated altogether, but still.

Secondly, the President referred to Government Treasury bills (bonds) that would be issued to cover the new "money" being printed, but, since the the bills would be openly acknowledged to be worthless anyway, WHY WASTE THE PAPER in the first place.  While there are theoretical limits to the amount of paper and ink we can use in the issuance of either paper money or debt notes, especially in the short term, there are no such limitations on the amount of digital ones and zeros that have virtually replaced paper money for most transactions in the world already anyway.

Finally, and HERE'S THE TRULY REVOLTIONARY PART(!), with the government's embrace of an unlimited debt and money supply, why not ELIMINATE THE CONCEPT OF DEBT ALTOGETHER!!!  If all government promises to repay borrowings have become obsolete, then why issue ANY DEBT WHATSOEVER, IN EITHER PAPER OR DIGITAL FORM!  Pause, and take a breath, because the revolution doesn't stop there.

(Continued)

Well, we could man the places ourselves and just give the crap away, but obviously that's a lot of work that no one's gonna be inclined to do, and, since foreign imports and workers are firmly established already, why not just make ALL business foreign to be manned by foreign guest workers, for which we'll gladly pay them for their work from our virtually limitless supply of "pseudo-bucks" (LOL! I came up with that term affectionately).  Of course with our now COMPLETELY UNCONTESTED status as the largest consumer market in the world, we'll have virtually unlimited price control power, but when you stop and think about it, why would we ever want to exercise it?  We could surely afford to spread the wealth at this point, and in fact it would be in our best interests to do so, at least until we spread enough wealth overseas to where they, like us, no longer needed to work either.  In fact, this plan will finally free the entire world to do what it does best: industrious and/or underprivileged foreigners can work harder than ever (since they will be now assuming what little remaining "industry" we have left) to supply us with crap; while we relatively more affluent, albeit fat and lazy, Americans will now be able to devote our efforts full time to "working" (see the irony) at consuming it all, and further freeing the government from badgering the Chinese (most notably) like a mother hen about trade imbalances and the like, and, indeed, from even monitoring such things any more at all.  HEAVEN ON EARTH AT LAST!

But I digress. Now undoubtedly, a few of the hyper-competitive among us would still want to continue their old capitalistic ways, although their efforts would surely be wasted on the domestic market.

(Continued)

Lindaru's Reply

Congratulations on your promotion to Chief Personal Economic Advisor.

Forgive my hand-writing at this time but it is dark here now.

You see, I am late in replying due to the fact that some hacker at my internet service provider read the message before letting it through.

In his excitement to hear that he no longer had to work for a living, he gathered everyone at the office and they went to what Cambridge, Idaho, considers to be their local tavern.

In their absence, one of the routers burst into flame due to an electrical short.

There were a few volunteer fire fighters on hand to slowly attack the blaze, but word travels fast, and all compensated rescue personnel were now also at the bar.

The slowly rising and lengthy plumes of smoke resulted in a weather phenomenon common to thunder storms after the Independence Day holiday.   This then resulted in a blizzard for several counties, one of which I am in.

The blizzard knocked out all electricity and some radio communications.

Therefore, I again must apologize for the lateness of my reply as I wait for $1 a day workers from Taiwan and India to arrive in order to remove snow from our road so that we can get out.

In the meantime, I hope my carrier pigeon finds you well.

~~~~~