Charles Layne 
Member since Apr 6, 2016


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Re: “Punk Rock Bernie Sanders Mural Goes Up on Broad Street

David, you are missing two huge points. First, and with reluctance, I must say, the question, "...where will the money come from...." betrays ignorance of a very basic and well understood fact. ALL legal US money is created by the US Treasury, all of it, currency by the BEP and coins in the mints run by the Treasury. That is the only source of legal money. The things you mention, health care, education, etc are not "free." They must be produced by people working to provide them and those people must be acknowledged as providing these needed services by being paid. Now back to money. At the federal level where it is created and issued, it is free. For example the BEP produces a $100 note for just under $0.10. Print one and there is enough money to print 1000 and with that 1000 they can print 100,000 with which $100,000,000.00 can be printed. Therefore, at the issuer level, money is a free commodity. Bottom line: Money is the easy part. The hard part is resources. Everyone cannot be educated unless teachers and facilities are available to do the job and we cannot all get health care unless the infrastructure and facilities are available to accommodate all of us. The key point is that the government, with its infinite fiscal assets, cannot buy what is not available and if they try it will produce that evil genie none of us want to see, inflation. Hence, our political discussions should be about resources, not money.

2 likes, 0 dislikes
Posted by Charles Layne on 04/10/2016 at 7:58 AM

Re: “Punk Rock Bernie Sanders Mural Goes Up on Broad Street

BMaxon, your view is not uncommon but it is incorrect. It is not about having free things. It is about using our resources, labor and physical resources, for the wellbeing of all of our citizens. That is not free, that is the product of work, planning and management. The only free thing is money at the federal level where it is created and issued. Granted, it must be used wisely, economic price stability must be maintained, the fact that nonexistent resources cannot be "bought" into existence must be observed but we do not have to waste the labor of the unemployed who want to work and we do not have to imprison those who can be productive members of society given the opportunity. Money at the federal level is free to the federal government for a very simple reason. A $100 note is created for less than $0.10 and with it more than 1000 additional 100s can be created. That is fact but many do not want you to understand it. Bernie's programs and proposals involve using our resources and providing services and products to each other and they are not free. We all have to work and do our part to make it happen. Money is just a vehicle to enable it to happen. It is the easy part. Resources are the important and hard part of the issue that must be carefully considered.

13 likes, 3 dislikes
Posted by Charles Layne on 04/06/2016 at 3:44 PM

Re: “Punk Rock Bernie Sanders Mural Goes Up on Broad Street

A group of people who think the same way on a large set of issues are said to have evolved a culture.

11 likes, 2 dislikes
Posted by Charles Layne on 04/06/2016 at 1:16 PM

Re: “Punk Rock Bernie Sanders Mural Goes Up on Broad Street

Anyone who is seriously interested in the economic plans including taxation and spending needs to become familiar with his economic advisor who is one of the leading economists in the USA. Her name is Dr Stephanie Kelton and she was head of the economics department at UMKC which is the home of MMT, Modern Money Theory. There is plenty to read about this new way of approaching economics at the federal level and it is very reasonable when understood. I am sure, as time goes on, we will hear more about Dr. Kelton. She is and has been the spokesperson for MMT. Another excellent source of information is the writings of Dr. Joe Firestone. His material is available in ebook format at very reasonable cost on Amazon.

9 likes, 3 dislikes
Posted by Charles Layne on 04/06/2016 at 8:17 AM

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