Thursday, July 11, 2019

A legal escape

Our New Fed can buy government time with periodic payments. The debt purchased, at something near market size, over some sequence. That is a fair deal, paradoxically, that is why we do this Pareto efficient. So the Supremes will see this as a fair deal, not a deliberate default, but a fair purchase, based on the simple result that any other solution yield a huge pile of shit, frankly. Prove to Roberts that this solution and the Null solution are the only two choices, and thus debt is maximally precious and meets the 14th. But, again, since the over all trade is Pareto improving, and no individual unusually harmed then this is a no harm no foul, and the 14th does not apply, the bonds are traded fairly according to sandbox contract of fixed length contract. That leaves the law suits to the 15 year point, and we just default another 4T and move on.

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