letter to the editor

Socialist economics

Mon, 10/25/2021 - 3:45pm

Dear Editor:

Socialist economics 101: Flood the population with money, easiest way is with stimulus checks. This will create a spending spree and with inflation it will give companies huge windfall profits. With these profits the stock market soars (everyone is happy).

Of course, you need money for this so you borrow as much as possible.

Eventually your creditors take action, so China starts devaluing the dollar. Wait, I thought this was socialist economics (oh, that's right, socialism is communism).

Now, in case I can't do steps 8 and 9 of my plan, I can take over the country the old-fashioned way, through a collapsed economy.

Two, two plans are better than one.

Joe Scorcia

Boothbay