People don’t learn from the past. Watch the vids on you-tube about the Mississippi Bubble in France in 1719. France was broke so banker John Law had an idea–print more money. Since there wasn’t enough gold to back up all that money, he told people to buy shares in Louisiana. The scheme blew up because Louisiana was a worthless swamp. Calif. needs to print around $1 trillion to pay pensions.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
People don’t learn from the past. Watch the vids on you-tube about the Mississippi Bubble in France in 1719. France was broke so banker John Law had an idea–print more money. Since there wasn’t enough gold to back up all that money, he told people to buy shares in Louisiana. The scheme blew up because Louisiana was a worthless swamp. Calif. needs to print around $1 trillion to pay pensions.