Keith Evans
1 min readJul 22, 2021

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I'll admit that I didn't read much of your article. That is because it started out from the worst position possible, paying for it. That is a sure way to bankrupt the nation and destroy its already lousy healthcare in one blow.

Any economist I would consider credible recognizes that moving to a single-payer healthcare system would be a serious "deflationary" event that would leave up to millions involuntarily unemployed with no back up field to transition into. I think most would agree that we would owe them more than the pittance of state unemployment plus some relevant training in a field comparable in wages and security. This scale of effort and spending is only possible at the federal level, but first we must get over our knee jerk reaction to everything needing "pay fors".

Taking monetary assets out of the private sector might be wise to redirect them "if" the federal government did anything with them except delete them against a mostly meaningless "debt", which it doesn't. With an infinite number of dollars at its disposal to spend any dollars so extracted still only leaves infinity, but an econ illiterate Congress will almost assuredly make the same mistake.

I hate to think that we have to wait for a smarter Congress to avail ourselves of such a tremendous benefit, but that is likely the case if we don't wish risking a deep and long recession, if not a full blown depression.

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