Maggie's Farm

Boy the Occasional Cortex has sure had a meteoric rise from a bartender (with a degree in ECONOMICS!) to the darling of the media and left (but I repeat myself)!

I guess we can't really blame her for not really caring how we're going to pay for here Green New Deal since we've been running deficits for generations (save a couple of years in the '90s) and it hasn't hurt us so far. If you've read This Time It's Different: Eight Centuries of Financial Folly (I wouldn't blame you if you hadn't. I started it and got about a third through it. it's a heavy slog but even that third was very illuminating. It's a book economics majors should be required to read), you find that all of the huge financial disasters have their roots in debt. At some point, enough people say there is too much and stop buying the bonds. You also find that that point is not the same for every economy but about the time people start saying, "This time it's different" it's time to head for the hills. Cortex's GND will surely hasten that time for us (and then it's time to buy puts).

But there's a silver lining - enough of the people who are generally reasonable yet for some reason have staunchly voted Demonrat will see that these people are just not serious and change their habit. It wouldn't take much - say 10%. Given the state of education in this country though, that is still a chance with substantial risk.

Even if it should actually become law, there is still a silver lining. That annoying gasbag senator from Hawaii, Mazie Hirono, would have to stay in Hawaii till an electrically powered boat could bring her to the mainland. It will probably take more than twelve years to figure out how to build a boat that has enough solar panel acreage to power it for a reasonable distance.

Bad news for whom? Thirty days without hearing from Ms. Hirono would be thirty days of heavenly bliss.