Archive for August, 2009

Look, cretins.  They’re either money, or they aren’t.  You don’t get to have it both ways.  Or at least you wouldn’t, if the world hadn’t gone insane and decided the law of identity is politically negotiable.

I assume the motivation here is that the state government has financial obligations it can’t fob off with IOUs; if they were to accept them for tax payments they’d get eaten alive by Gresham’s Law.  Still, I have no sympathy.  If you go long enough spending wealth that doesn’t actually exist, you burn through your savings and go bankrupt.  Reality wins.  Every time.