How much money can the US print?

 Now that we have a totally fiat currency, a pure paper money whose value is set by public opinion, it is possible for the government to pay its bills by simply printing fresh new greenbacks.  On one hand, most of us believe that printing more money reduces the value of existing money, our savings.  On the other hand some of us believe that we ought to increase the money supply as the economy grows.  

Question, just how much new money is healthy growth?  Who knows??  

   Every year Congress is faced with a gap between obligations and tax revenue.  We spend more than we take in.  The only ways to fixing this are to spend less or hike taxes.  Congresscritters hate doing either.  Spending cuts cause howling from who ever gets cut off from the gravy train.  Pigs hate being pushed away from the trough.  Tax hikes provoke howls from taxpayers.  Congresscritters fear the howling means they will loose the next election. 

  Lately we have been able to keep things going by running a sizable federal deficit each year.  This year is going to be a scorcher.  In simply terms, the US government has been covering the deficit by simply printing more paper money.  So far, nothing too bad has happened.  Perhaps the healthy growth of the money supply, what ever that may be, is enough to pay off the deficit.  I don't really believe that, but it might be true.  Or, far worse, we are printing enough money to crash the currency, sometime in the future.  Maybe next year.  May be five years from now.  Who knows?  But a crash would be bad for us.  Foreigners would stop accepting greenbacks in payment for imports.  Stores would stop accepting dollar bills.  The economy would grind to a halt.  This happened in Germany 100 years ago.  The pain was so intense that the Germans still remember it.  

So, I fear that Congresscritters will continue to follow the path of least resistance and keep right on running big deficits until something really bad happens. 

 I got with the Christmas tree program. I bought the tree from someone in Littleton selling trees at the Meadow St-I93 interchange. That's the last picture of the tree on the roof of the Buick. I left it on the deck until yesterday then I brought it indoors, put the tree stand on it, and set it in place. It brought a good deal of snow in with it, which melted out into the water bucket of the tree stand. Got the lights on it and got them to light. I have a bunch of grandchildren coming over the put the ornaments on it. And I have munchies and drinks for the grownups. If you have any small children who would enjoy hanging some ornaments, come on over. Tomorrow, Thursday, 3 PM, 22 Ridge Cut Road, Mittersill.

Where did that massive hack of Dept of Energy come from??

Where did that massive DOE hack come from??       

 

Trump says it’s China doing the hack.  Biden says it’s Russia.  I doubt that either of them have any solid evidence.  I am talking about the big hack that penetrated the Dept of Energy last week; you know the dept that handles our nukes. 

I know that if I was a Chinese hacker I would try to camouflage my location on the net.  I would have an email account on a Russian email system.  I would use a Russian alias.  I would have social media accounts on Russian systems.  I would have everyone else on my team, and my superiors use my Russian email when they wanted to communicate. 

If I was a Russian hacker I would do the same stuff in reverse.  If I was a third world hacker or a criminal operation I would still use the big boys (Russia and China) for cover on the theory that nobody would believe I was capable of major league hacking and if I tried to look like I was a big boy  everyone would want to believe that. 

US history textbooks

 Anyone know of a good US history book for grade school?  I know some good ones, but they are all college level.  Starting grade school kids on Morrison and Commager isn't going to work.  I would like a text that tells US history straight, not the New York Times 1619 propaganda slant. 

Bullet proof armor

There used to be the Higgins Armory Museum out in Worcester Massachusetts.  Big building, three or four stories tall.  All filled with medieval plate armor.  The museum was put up by a Yankee millionaire who liked to collect armor.  His collection is what filled the museum.  I took my kids out the Higgins a couple of times.  They loved the place. Unfortunately the money ran out a few years ago and they had to close the museum.  A great loss.  

   Higgins did show that plate armor was bullet proof.  Most of the suits bore a proof mark, a bullet mark where the maker had tested the armor by firing a bullet at it.  As time went on, guns grew more powerful.  There was a suit of plate armor at Higgins that sported the proper proofmark, but also sported a big bullet hole in the breast plate.  That bullet probably killed the wearer.   

   Early suits of plate were "cap a pied" French for head to toe.  These had plates protecting arms and legs, including lovely plate armor shoes to protect the feet.  One of these suits would keep out Robin Hood's arrows all over.  Guns hit harder than arrows, and in the 1400's when muskets came into use, they had to make the breast plate thicker to make it bullet proof.  To keep the weight down they dropped the cap a pied and left arms and legs unprotected.  The thinking must have been that a bullet in the torso was probably fatal but a bullet in a limb, while a bad wound, was survivable.  

   By the 1700's the muskets were powerful enough to pierce any plate armor light enough to wear, and so troops stopped wearing armor and just went into battle wearing a colorful cloth uniform. 

Wanna bet all those Chinese and Russian hacks are against Windows?

 Everybody runs Windows.  It is the most insecure operating system in history.  Stick a flashdrive into a USB port and Windows will upload and execute any programming that might be on the flashdrive.  Windows allows any program access to the internet without ever asking the user if this program is safe. Windows comes out of the box with a remote access loophole that allows foreign computers to gain complete control of your machine.  

 I have to believe that the agencies that got hacked this week were all running Windows.

They all should have been running Linux. 

Who dines outdoors in the snow???

 With a lotta snow on the ground, the TV is still talking about dining out of doors.  They showed a clip of a New York restaurant taking in the tables and chairs with a foot of snow on the ground.