Retards who don’t understand economics have this saying:
The carpenter can’t run out of inches
The stadium can’t run out of points
The airline can’t run out of FF miles
And the USA can’t run out of dollars
Inches are a unit of measurement. The carpenter is using that measurement to count how much lumber he has. He can’t run out of inches, but he can run out of wood.
Points are a unit of measure. It is a way for sporting events to measure the success of the team in achieving it’s objective. The stadium can’t run out of points, but teams can be unsuccessful and not receive any.
At a macroeconomic level, money is also a unit of measurement. What the morons who support modern monetary theory don’t understand is that the money in circulation is a measure of a nation’s productivity. If the total of all goods and services produced by a country is far exceeded by the money in circulation, that money becomes worth less, and you get inflation.
Let’s illustrate this by pretending that the US government has just mailed a check to everyone in the country in the amount of ten million dollars. Now everyone has millions of dollars and has just decided to retire. Cool.
Now where are we going to get food from? The guy that used to work at the grocery store, or the woman who worked at the coffee shop no longer works there. Everyone has money, but nothing to eat. At this point, food has far more value than does money, and your $2 can of soup now costs $100,000 because no one is making any more of them.
That’s why seeing things like this really makes me shake my head in wonderment:
Universal Basic Income is basically what we had during COVID. Everyone received tons of money. They got free checks, free PPP loans, the government was basically dropping cash from helicopters- about $5 trillion dollars hit the US economy. Everyone got three checks totaling $3,000 or more in the space of a year. What did that do?
Universal Basic Income (UBI) would be like that, but on steroids. They want everyone in the nation to get checks from the government of $12,000 a year- 4 times as much as was sent out during COVID. Now ask yourself what will happen when this is happening on a constant basis.
Tyrone and Shaniqua will take their checks and try to buy some ribs and gold toofuses. The problem is that this massive outlay of money means that everyone wants ribs and gold. So the cost of ribs and gold, as well as everything else, will skyrocket.
The people who are poor will still be poor, despite the fact that there are more zeroes in their bank account. It’s just that so many people in this country are completely ignorant of this fact.
You better hope that the government runs out of inches, because they are going to be giving you every one of those inches, good and hard. Robin and Jessica won’t be the only ones getting fed those inches.
12 Comments
Joe Blow · September 8, 2023 at 1:55 pm
They WANT to destroy the country. Thats the part everybody forgets.
Brian_E · September 13, 2023 at 1:15 pm
While there are those that would dispute your claim, what we’re seeing happening around us certainly make more sense when viewed through this lens. FWIW – I don’t really think it matters (from a practical perspective) if their *intent* is to destroy the country or not – because that’s the results we’re suffering regardless.
Divemedic · September 13, 2023 at 1:30 pm
If they *were* trying to destroy the country, what would they do differently?
Matthew W · September 8, 2023 at 2:00 pm
Governments LOVE high inflation.
It makes debt cheaper…….
chiefjaybob · September 8, 2023 at 3:03 pm
DM, it was just some random leftist who said that nonsense about running out of inches. It was tweeted out by Stephanie Kelton, who is a professor of economics and public policy at Stony Brook University. At the time, I think she was Hillary’s! economic advisor. My twitter-foo search skills are terrible, but she tweeted it out on April 24, 2019, and even included a cute emoji for each line.
Are they retarded, evil, or maybe both?
chiefjaybob · September 8, 2023 at 7:02 pm
*Was NOT some rando. No matter how many times I proof read, I still auck.
SiG · September 10, 2023 at 8:01 am
Are they retarded, evil, or maybe both?
I have another possibility. I think in history there’s a long line of people who suck up to the King or whoever is in charge so they can get some power, fame and the things the come from being on the King’s staff. I don’t what the word is: sycophants? Just plain suck ups?
I think Dr. Kelton is just sucking up to the team she expects will buy her nonsense. Then she’ll get a cushy job like Janet Yellen, go eat hallucinogenic mushrooms in China and get her fame and fortune. The insanity she spreads about “the carpenter can’t run out of inches” leading to “the government can’t run out of dollars” is so insane, nobody with the tiniest knowledge of world history, let alone economics, would fall for that crap.
The exception to that is the statement should be the government can’t run out of dollars that are worth anything.
Big Ruckus D · September 8, 2023 at 4:00 pm
Leftists can’t run out of bullshit, but can run out of other people’s money. There’s your title.
Also, the fedgov can’t give us inches – it’ll have to be centimeters – since they are required to do everything in metric.
Finally, if you are in the market for ribs or gold toofuses, buy them now while you can still get them. D’lishush and the gang will have that shit wiped out in short order once the (vote buying) “stimmys” (dammit, I hate that stupid word) hit again.
Divemedic · September 8, 2023 at 5:40 pm
I thought everyone would get more of a laugh out of the wood and inches joke, especially with the video.
Olguy · September 8, 2023 at 6:44 pm
It’s hopeless.
There will only be small pockets of Intelligence, Intellect and Adult Thinking and Reasoning.
The Level of “Graduated” Ignorance and Stupidity in this Country and IN POWER especially, on History, Economics, Science, Reading, Writing, Biology….Work Ethic, Personal Responsibility….Morals….
…is Astounding.
When the Education System was allowed to be Infested with Radicals, Socialists, Communists and Plain ol’ Psychopaths…
We did Nothing. Nothing.
… we allowed the Enemy to Educate our youth…including me.
You NEVER, allow the Enemy to Operate Open amd Freely within Your Domain.
NEVER ! Never.
We committed National Suicide. Period FACT. So be it.
This…. is the culmination of those decades.
How bout that Border, those Illegals and the USGOVT orchestrated INVASION ?
How bout those “Defund the Police” Politicians?
Hell…How bout those Politicians?..
ALL OF THEM.
anonymous coward · September 8, 2023 at 8:26 pm
The doom and gloom is real, but… in the end, when my wife needs help in your ER, I’m going to find a way – food, gold, guns, Nintendo cartridge? =), car repair or paint your house to motivate you to help. The non-productive people and those I don’t need, are on their own.
oldvet50 · September 9, 2023 at 8:21 am
I actually saw this effect in 2005 near NOLA on I-10 a few months after Katrina. We were driving from Texas to Florida and wanted a bite to eat but few restaurants were open due to no employees, not hurricane damage. There were signs offering $2,500 sign-on bonuses at various fast food franchises! It’s so hard to compete with free government money.
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