Most governments (except for 17 Euro countries) can create unlimited amount of their sovereign money. Yet most of us choose to ignore this fact. Some of us even fret on that notion. However, the hard truth is that government spending is not a burden. It is a gift of a monetarily sovereign nation, the most brilliant form of government financing ever created.
That said, there is something insidious, essentially invisible, that happens when government spending is reduced or stagnated. The absence of benefits sneaks up on us, like the butterfly killer that leaves no clue, until one day there are no butterflies. You never will know how your life and country’s future will be affected by reduce or stagnate government spending say on education. What child genius will not grow to invent the cancer cure or the unlimited, pollution-free fuel or the food that does not require farming? How many great scientists and artists and builders will not be created? We never will know.
The list goes on and on: The lame who might have walked. The blind who might have seen. The children who might have given to their country. The inventions never invented. The life-saving drugs that might have been developed. The people who might not have died too soon. The beauty never created. The ideas lost. The better world that might have been. We never will know.
And we trade all this potential for the reality of a meaner, uglier, less elegant life, especially for the lower classes, who will be affected most by reduce or stagnate spending, though we all will be affected. What a waste, given the tools we’ve been given, that we intentionally should deprive ourselves and our children and our grandchildren of the benefits a society can offer, and instead retreat toward the days of hardscrabble anarchy.
What have we lost? What will we lose tomorrow? We never will know. But one thing we know - the turkey is voting for thanksgiving.
