{"id":348473,"date":"2018-02-16T05:11:35","date_gmt":"2018-02-16T04:11:35","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/a-million-dollars-a-minute\/"},"modified":"2018-02-16T05:11:35","modified_gmt":"2018-02-16T04:11:35","slug":"a-million-dollars-a-minute","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/a-million-dollars-a-minute\/","title":{"rendered":"A Million Dollars a Minute"},"content":{"rendered":"
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Imagine you open the faucet of your kitchen sink expecting water and instead out comes cash. Now imagine that it comes out at the rate of $1 million a minute. You call your plumber, who thinks you\u2019re crazy. To get you off the phone, he opines that it is your sink and therefore must be your money. So you spend it wildly. Then you realize that the money wasn\u2019t yours and you owe it back.<\/p>\n

Now imagine that this happens every minute of every day for the next three years. At the end of the three years, you owe back more than $6 trillion. So you borrow $6 trillion to pay back the $6 trillion you owe.<\/p>\n

Is this unending spigot of cash reality or fantasy?<\/p>\n

I am not speaking of Amazon or Google or Exxon Mobil or Apple. They deliver products that appeal to consumers and investors. They deal in copious amounts of money because they sell what hundreds of millions of people want to purchase and they do it so efficiently that hundreds of thousands want to invest in them. If they fail to persuade consumers to purchase their products and investors to purchase their financial instruments, they will go out of business.<\/p>\n


\n\"\"<\/a><\/span><\/span>
\nSuicide Pact: The Radi…<\/a><\/span><\/span>
\nAndrew P. Napolitano<\/span>
\nBest Price: <\/span>$3.99<\/span><\/span>
\nBuy New <\/span>$2.50<\/span><\/span>
\n(as of 04:15 EST – Details<\/span>)<\/span><\/span>
\n<\/a><\/span>
\n<\/span><\/p>\n

My analogy about all that cash in your kitchen sink that just keeps coming is not about voluntary commercial transactions, which you are free to accept or reject. It is about the government\u2019s spending what it doesn\u2019t have, the consequences of which you are not free to reject.<\/p>\n

Government produces no products that consumers are willing to pay for voluntarily, and it doesn\u2019t sell shares of stock in its assets. It doesn\u2019t generate wealth; it seizes it. And when it can no longer politically get away with seizing, it borrows. It…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Imagine you open the faucet of your kitchen sink expecting water and instead out comes cash. Now imagine that it comes out at the rate of $1 million a minute. You call your plumber, who thinks you\u2019re crazy. To get you off the phone, he opines that it is your sink and therefore must be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-348473","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/348473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=348473"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/348473\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=348473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=348473"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=348473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}