When I her pundit demand bigger deficit I allocate more of that spending to state capitals on a budget year basis. I am up to 4 billion cash to each state capital per year. The number will be a cash ratio is done properly. Senates states and house districts need 2/3 of their programs shareable, and the remaining 1/3 split evenly in cash. That is keep the imbalances below one third of spending. Then gpvernment can match N to a Markov Triple. We are sustainable.
Nancy wants 3 trillion, a sixth of that is half a trillion to the state capitals in cash. If Prez Biden gets a 2.4 trillion package I have 4 billion or so to states. in cash and the same ratio divided among districts, in cash.
This is the sustainable round off error in self sampled triples. I have the third color as a small bound account variation kept in Treasury. That is scofflaw insurance and the New Fed should pay a quarter point to that fund, a good deal for the monopoly license.
It is our Boltzmann, we got one with something as stable as the Law, in this case. We have a hard barrier, a boundary condition to meet. We accept some turbulence getting around the bend. The turbulence is estimated, but not solved. The spare liquidity allows local 'over the counter market 'so governments have some commutative ability, the local ability to reorder priorities in the short term.
We are making a ruler so everyone can collectively solve the traveling salesperson problem.
Consider the New Fed.
The New Fed suffers the turbulence of a contract renewal in fifteen years to reset the double spending contract. That is about 1/6, in my view, and should be shared with Treasury. If the New Fed covers a yearly price 3% price variation, then they need about a quarter point paid into the monopoly fund, at Treasury. This insures the contract, covers the scofflaw cost in the battle between House and Senate.
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