They can learn, but we be Pavlovian about it. The senator is linked to a direct cash transfer of a billion to the state capital, yearly. The priority of that payment is just under interest charges. The incentive is obvious, they will travel the byway to squeeze efficiency from House programs. The money is already floating in their minds and the minds of their citizen's, as I type, thanks to Google bots.
The VCs call this fundable, a six month return in their money. That number will likely increase to two billion per capital within a senate term, that is a huge production for the folks back home. Efficiency gains down the line, less Texas Space Cadet nonsense, less getting caught flat footed with trillions in wasted defense hardware. No more restructuring the social fabric on a weekly basis, fewer disruptive programs changes.
If I am a senator in a small state, I want this trade. And it really does let us keep a path around a government hard bound on this. Push out the primary dealer system, give the senators a reward, MMT relief, much more independent Fed, and cash flow accounting for the programs. What is not to like?
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