systemaccounting separates public finance from trade

a government institution is every bit as accountable for its debt obligation as the common business

since the full faith and credit of a republic shall never apply to bond markets*, printing money to service the unaddressed and accumulated debt created by the elected authors of poor judgement results in a number of serious violations:

1. a failure to clear the the market for leadership of its poorly-performing assets (e.g. elected officials, private executives),

2. a robbery of the public trust as it steals away the rightfully-earned purchasing power created by the public,

3. a denial of accurate measurability of any and all prices defined by the public

printing money is appropriate only after an increase in purchasing power causes a currency to become denominationally inefficient

even so, the only method appropriate for increasing a currency's supply is adding a decimal place to the entire float

increasing the money supply by allowing state-chartered lending companies to equate the value of their notes receivables to cash, or directly lending to them and other privileged firms are all grossly inappropriate and inefficient since, among other offenses, it seeks to exempt a small fraction of the public from the same competition and failure to which everyone else is subject

labeling an experiment to be above failure naively undermines its purpose

the purpose of an experiment is to discover truth by detecting failure. without detecting failure, a remedy cannot be identified

*note: contrary to popular belief, speech is not free—as it depends on time, a commodity bearing physical value in finance

when information predicts added value, the strength of the instrument used by financial experts to prove their theories is NOT determined by 1) the quantity of votes received in exchange for the emotionally-pleasing words issued by politicians, or 2) the number of people who join in singing their anthems, or 3) the flags they waive

instead, creditworthiness is proven by the physical gains produced by those capable of negotiating and consuming risk

election results are not a substitute for what financial experts use to prove the strength of their word