The National
Debt
There are
persons in New York and Washington, D.C.
Who understand
the national debt,
Who grasp the
accountants’ fictions, twist them upon charts,
Graphing the
pulsing markets around the world.
Securities,
margins, short sales, cycles—
There are
persons who understand these, and
They are the
keys to understanding the national debt.
I suppose that
the tribal associations need a national debt,
Need to borrow
in order to trade,
Need to
borrow—so Hamilton preached--even if there is no
need.
For being in
debt to the neighboring tribes somehow—
Hamilton
understood this—
Will make the
members of the tribe support the chieftains, and
Will
somehow—Hamilton understood this—
Make the
creditor tribe accord the debtor tribe
A kind of fiscal
and monetary respect
That only
persons in New York and Washington, D.C.
Understand.
--October 10,
2013
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