Stimulus Is Slowing Down The Economy

WEST RIVER, MARYLAND – Hold onto your hats…

Today, the president-elect will give us a measure of the catastrophe ahead. From The New York Times:

Biden Set to Call for Big Spending on Stimulus and Vaccines

President-elect Joseph R. Biden Jr. on Thursday is expected to outline proposals for trillions of dollars in government spending to combat the coronavirus pandemic and its effects on the economy, with an initial focus on large-scale expansions of the nation’s vaccination program and virus testing capacity.

Brainwashed

In a modern democracy, the role of the citizen, after an appropriate period in the public schools, is to believe six impossible things before breakfast… and another six after tea.

Tesla is worth $800 billion. Sure it is.

Joe Biden is going to make America freer and more prosperous than ever – Sure he is!

And how will he do it? With more stimulus, of course.

Fortunately, your editor slept through his Civics 101 class… and missed the important lavage du cerveau that is critical for our government.

And here’s Chuck Schumer with a familiar message. From Bloomberg:

Incoming Senate Majority Leader Chuck Schumer has pressed President-elect Joe Biden to propose more than $1.3 trillion in spending for his initial round of Covid-19 relief, according to a person familiar with the matter.

Relief?

Hold on. Let’s set the record straight.

The feds have no “relief” available to them. They are bust… broke… penniless. They bake no bread to offer the hungry. They weave no wool to clothe the naked. And they drive no nails to house the homeless.

All they can do is hand out more fake money. How much “relief” that will bring is the subject of today’s ramble.

Modern Miracle

Imagine two guys shipwrecked on an island. One collects berries. The other gathers nuts. They trade with each other, keeping track with the money supply that was in their pockets when they washed up.

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