Doing a little work around the house to keep the wife happy. Went to the hardware store to get some screws. Came to $4 and change. I reached for my credit card, then noticed the $5 bill in my wallet. Handed the five to the guy at the register and said "Real money".
"Don't see much of that around here," he said. Even when he tallies up at the end of the day, he said, it's mostly credit card receipts, hardly any cash money. "There's a huge amount of debt in this country," he said.
As I left, the next guy in line stepped up to the counter. "23 trillion dollars," he said, "but who's counting."
Yeah, okay, but $23 trillion is just the Federal debt. Debt other than Federal is $23 trillion plus $23 trillion, plus half another $23 trillion. And nobody's counting but the creditors.
"The commonwealth was not yet lost in Tiberius's days, but it was already doomed and Rome knew it. The fundamental trouble could not be cured. In Italy, labor could not support life..." - Vladimir Simkhovitch, "Rome's Fall Reconsidered"
Thursday, August 29, 2019
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