Every dollar in circulation or on the books is nothing but a certified IOU--i.e. a record of debt. What the Treasury refers to as U.S. debt is currency the Treasury has taken back temporarily to give back later, with interest, to hoarders who do not want to send in their surplus as taxes. While greed may be involved, what the pandemic demonstrated is that it takes much longer to spend or equitably distribute currency than to collect it. So, the banks which were allocated $500 Billion to employers to continue paying wages only managed to distribute $42 Billion in nine months. Sending bonus checks to known Social Security recipients got the money flowing into the economy a lot quicker and avoided the recession Wall Street was hoping for.
Had my latest PT appt on Friday. My wrist feels less delicate now than when we began a month ago. HOWEVER... Turns out there is one motion my hand cannot make. It's called "Radial Deviation" as I can't bend my wrist on the thumb side very far at all toward my radius. (If it were in the other direction, it would be called "Ulnar Deviation.") Now I need to call my PCP this week to see about having an x-ray done, and maybe a sonogram or MRI. Heh.
So, that's the last of the ocean photos. Can you guess what's next?
ReplyDeleteNo guess here.
Delete---Alan
Desert? I don't think so. Maybe sky photos.
DeleteImportant Clue: I live in Vermont and it's January. 😉
DeleteSee the 'big money marketing' of Jesus that's set to air during the Super Bowl
ReplyDeleteTime to cast the money changers out of the Temple again?
Delete---Alan
Obama and Biden Vowed to Never Again Negotiate Debt Ceiling Hike [Click]
ReplyDeleteThe Trillion-Dollar Coin Might Be the Least Bad Option [Click] “Why the legal scholar Rohan Grey thinks the U.S. Mint can defuse the debt-ceiling standoff.” Excellent discussion IMO.
----Alan
Every dollar in circulation or on the books is nothing but a certified IOU--i.e. a record of debt. What the Treasury refers to as U.S. debt is currency the Treasury has taken back temporarily to give back later, with interest, to hoarders who do not want to send in their surplus as taxes.
DeleteWhile greed may be involved, what the pandemic demonstrated is that it takes much longer to spend or equitably distribute currency than to collect it. So, the banks which were allocated $500 Billion to employers to continue paying wages only managed to distribute $42 Billion in nine months. Sending bonus checks to known Social Security recipients got the money flowing into the economy a lot quicker and avoided the recession Wall Street was hoping for.
Plant toxin hailed as ‘new weapon’ in antibiotic war against bacteria [Click]
ReplyDelete^^^^Alan
DeleteThe researchers were unable to induce resistance in bacteria.
---Alan
*puddle *
ReplyDeleteWaitng for my kid to show up. He's staying until after the operation, so all's good.
Good that. Going to do one eye at a time?
Delete---Alan
yep. two weeks apart.
DeleteI await a good report with personal interest. My cataracts are not yet serious, but the day may come.
Delete----Alan
When is the first one?
DeleteAnd all shall be well, and all shall be well, and all manner of thing shall be well. ❤️
Delete‘It was all for nothing’: Chinese count cost of Xi’s snap decision to let Covid rip [Click]
ReplyDelete---Alan
The only thing missing was a decent vaccine.
DeleteThe Guardian view on English devolution: an idea whose time has come [Click]
ReplyDelete---Alan
Had my latest PT appt on Friday. My wrist feels less delicate now than when we began a month ago. HOWEVER...
ReplyDeleteTurns out there is one motion my hand cannot make. It's called "Radial Deviation" as I can't bend my wrist on the thumb side very far at all toward my radius. (If it were in the other direction, it would be called "Ulnar Deviation.") Now I need to call my PCP this week to see about having an x-ray done, and maybe a sonogram or MRI. Heh.
Heh indeed. Good luck.
Delete----Alan