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Excerpt from longer article
http://neweconomicperspectives.blogs...oposal_12.html
http://neweconomicperspectives.blogs...oposal_12.html
In spite of the obvious design flaws now made manifest daily in the euro zone, it is clear that fiscal sovereignty has become a taboo subject in Europe. The disease of deficit terrorism has metastasized globally, rendering it virtually impossible for governments with free floating non-convertible fiat currencies to construct adequate demand responses to the mounting crisis of unemployment. Certainly we don't want any more government spending because, as my critics persistently remind me, that way leads to hyperinflation and Zimbabwe.
Channeling my inner Jonathan Swift, I therefore concluded that Latvia's only hope was to devise a sensible supply-side response, so that today's currently insufficient spending power is more closely aligned to the 80 percent or so who are gainfully employed.
Perhaps we can take a page straight of the United Kingdom's historic playbook. In the old days of the British Empire, many of the country's criminals were either forcibly press-ganged or deported to Australia. Seeing that Australia today is a vastly more prosperous nation than almost any nation within the European Union, it's highly unlikely that they would readily accept any more convicts.
But perhaps we can find some nice island in the South Pacific for the purposes of reducing Latvia's national unemployment problems. After all, Latvians are a civilized people, so we certainly don't want to resort to the drastic (though cost-effective!) expedient of mass extermination.
In any case, our proposal seems both "modest" and in keeping with the current fiscal aspirations of the Latvia government. We can start by shipping off the long-term unemployed. Then the orphans. Encourage some Russian expatriates to go back to the motherland. And maybe empty the prisons, if need be, to create huge savings in Latvia's criminal justice system. If the government has truly run out of money, best if it starts pursuing a supply side final solution of reducing their citizenry until the ratio of money to citizens is much more appropriate.
And in the meantime, we can "reward" those who are deported by allowing them to construct a sensible policy: they get to create their own new currency. They will soon learn that their new government, as a sovereign issuer of its own currency, will have all the capacity it needs to create jobs and prosperity. Freed from the shackles of their deficit terrorist leaders, hopefully they will soon learn that their government can provide all of the fiscal resources required to create full employment and prosperity.
It's a "win-win" for both the deporters and deportees. The logic is Swiftian: my modest proposal will help poor people everywhere "from being a burden to their parents or Country, and For Making Them Beneficial to The Public." The truly worrying thing about this idea is that the Latvian government might well take me up on it, given the relish with which it seems to inflict daily misery on its citizens.
Channeling my inner Jonathan Swift, I therefore concluded that Latvia's only hope was to devise a sensible supply-side response, so that today's currently insufficient spending power is more closely aligned to the 80 percent or so who are gainfully employed.
Perhaps we can take a page straight of the United Kingdom's historic playbook. In the old days of the British Empire, many of the country's criminals were either forcibly press-ganged or deported to Australia. Seeing that Australia today is a vastly more prosperous nation than almost any nation within the European Union, it's highly unlikely that they would readily accept any more convicts.
But perhaps we can find some nice island in the South Pacific for the purposes of reducing Latvia's national unemployment problems. After all, Latvians are a civilized people, so we certainly don't want to resort to the drastic (though cost-effective!) expedient of mass extermination.
In any case, our proposal seems both "modest" and in keeping with the current fiscal aspirations of the Latvia government. We can start by shipping off the long-term unemployed. Then the orphans. Encourage some Russian expatriates to go back to the motherland. And maybe empty the prisons, if need be, to create huge savings in Latvia's criminal justice system. If the government has truly run out of money, best if it starts pursuing a supply side final solution of reducing their citizenry until the ratio of money to citizens is much more appropriate.
And in the meantime, we can "reward" those who are deported by allowing them to construct a sensible policy: they get to create their own new currency. They will soon learn that their new government, as a sovereign issuer of its own currency, will have all the capacity it needs to create jobs and prosperity. Freed from the shackles of their deficit terrorist leaders, hopefully they will soon learn that their government can provide all of the fiscal resources required to create full employment and prosperity.
It's a "win-win" for both the deporters and deportees. The logic is Swiftian: my modest proposal will help poor people everywhere "from being a burden to their parents or Country, and For Making Them Beneficial to The Public." The truly worrying thing about this idea is that the Latvian government might well take me up on it, given the relish with which it seems to inflict daily misery on its citizens.
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