Why?
Mother and daughter were making a ham for dinner.
The daughter said, "Mom, why do you cut the end off the ham?"
Her mother replied, "I don't know, Grandma did."
The daughter asked her grandmother, "Grandma, why do you cut the end off the ham?"
She answered, "I don't know, Great-Grandma did."
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The daughter went to the nursing home and asked Great-Grandma, "Great-Grandma, why did you cut the end off the ham?"
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Great-Grandma said, "Well, because my roaster was too small."
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If you always do what you always did, then you'll always get what you always got. You can quote me. And if you blindly continue to use debt for money, you will always have more debt than money.
How can you fix this economic problem, unless you first realize that you are just following some tradition that has lived out its usefulness - like, using debt for money! We must be able to get money that is not an interest bearing debt, into the system - and right now, there is no way to do that.
By passing HF888 & SF705, we can authorize State Chartered Banks to fix the glitch in the way we fund infrastructure, and immediately begin to heal our broken economy. As new, debt free money comes in to the economy as final payment for the construction of the infrastructure we need, it will bring a balanced budget to the state, stability to the banks, a boost to the economy and prosperity to the people of Minnesota.
So we could hear this, very soon: "Senator, Representative, why do you only bond and tax to build our needed infrastructure?"
"Well, we used to do it that way, until we learned that monetizing the production of our infrastructure was a far more wise and responsible way to do things. So we changed it."
That's leadership.
The people of Minnesota would respect a leader that did that. It's the right thing to do.
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