Paying for a Green Nude Eel

All we have to do is adopt the magic of so-called New Monetary Theory which states that a government that borrows in its own currency doesn’t need to worry about debt because it can print money to pay the debt. If the Green Nude Eel is only going to cost around 90 trillion bucks and we use one of these, we should have change coming.

Of course, that’s not how money works. Things didn’t work out well for Rome when it debased its money, and over the last century, we’ve seen what happened in the Weimar Republic and Zimbabwe and, currently, Venezuela. As John Hinderacker points out in a post at PowerLine, Modern Monetary Theory is universally regarded by economists as a crackpot idea.

So it’s unanimous: Modern Monetary Theory, the Democratic Party’s latest ticket to the promised land, is a fraud. And not a modern one, either.

Speaking of socialism…I heard an observation yesterday, in the context of Venezuela, that was striking and true. If I could remember who said it, I would credit him. Here it is:

You can vote your way into socialism, but you have to shoot your way out.

Another reason why we need the Second Amendment.

As Ben Franklin said when asked what kind of government was being formed at the Constitutional Convention, “A republic if you can keep it.”

3 thoughts on “Paying for a Green Nude Eel

  1. You can vote your way into socialism, but you have to shoot your way out.

    Wise and succinct, just the way I like it.

  2. Also, what did socialist states use before candles?


    At least they’ll never run out of zeroes.

  3. It isn’t merely the cost, but the lost time, and the lost growth. I know the average leftist just assumes you can throw money at a problem and be done with it, but the actual number of people that would need to be employed to reach the stated goals would outnumber the military. As for growth, if, if you change nothing, the economy will grow 5% year on year, but with the changes, it would only grow 3% year on year, the difference after 100 years would be a bit larger than the entire wealth of the world today.

    A problem that can be solved with money isn’t a problem. The reason for that is that there is a solution, and the only thing left is to buy it. But you can’t solve a problem without a solution with just money. That is just throwing wealth away. And much of the left’s problems don’t have solutions except to shovel away large piles of money to charlatans who are only occasionally well-meaning. The green new deal is nothing more than this, a set of “problems” they have NO IDEA how to solve.

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