RE: [IC] News from the Metacontinuity
10-09-2021, 09:39 AM (This post was last modified: 10-09-2021, 09:44 AM by robkelk.)
10-09-2021, 09:39 AM (This post was last modified: 10-09-2021, 09:44 AM by robkelk.)
(looks from across the border, where any defeat of a spending bill triggers an immediate general election) Haven't you folks solved that pesky budget issue yet?
And there's a flaw in the proposal: Who's going to buy the $1trillion coin (or accept it as payment) in order for the government to get the seigniorage to spend on the budget? Even Mark Twain knew how difficult that would be, and he was working with an amount three orders of magnitude smaller than that, adjusted for inflation.
(At least we can sell $1million coins... and it looks like Lupin got one of those, too.)
And there's a flaw in the proposal: Who's going to buy the $1trillion coin (or accept it as payment) in order for the government to get the seigniorage to spend on the budget? Even Mark Twain knew how difficult that would be, and he was working with an amount three orders of magnitude smaller than that, adjusted for inflation.
(At least we can sell $1million coins... and it looks like Lupin got one of those, too.)
--
Rob Kelk
Sticks and stones can break your bones,
But words can break your heart.
- unknown
Forever neighbours, never neighbors
Government of Canada: How to immigrate to Canada
Rob Kelk
Sticks and stones can break your bones,
But words can break your heart.
- unknown
Forever neighbours, never neighbors
Government of Canada: How to immigrate to Canada