Ganja Prevents Cancer, Kaushik Basu Doesn't

My recent post highlighted how soft drinks cause a huge amount of irreversible health damage, while "soft drugs" like ganja-charas (cannabis, hashish, grass) and beer are completely harmless. That post saw quite a few enthusiastic comments - and so I thought I might add to that evidence something more I just discovered: that ganja-charas possess fantastic anti-cancer properties.

So you can quite imagine the "Statutory Warning" getting reversed on the Bhola King-Size Spliffs. Whereas my packet of cigarettes says "Tobacco Causes Cancer" (because our The State has forced cigarette-makers to emblazon this warning on each pack) these heavy "authorities" will have to stand by idly while The Honourable Bhola Unlimited Company Limited sells its packets of spliffs marked:

Smoke Bhola, Prevent Cancer

Ha ha.

Now for something serious - a "cancer" our nation is suffering from: Inflation.

And here is our The State's chief economic advisor, kaushik basu of cornell university, telling us all - the gullible public - how NOT to prevent it.

How would I prevent the cancer of inflation? Simple. I would emblazon a Statutory Warning on each RBI note:

State Paper Money Causes Inflation

That is, this is not inflation; rather, this is "inflationism." It is a "deliberate policy" - to fuck the people, especially the poor.

What does kaushik basu say? Here is a sample para from a long interview in which he excels at the kind of double-speak and obfuscation that this para exemplifies:

...black money being brought into circulation can create inflationary pressures, and you need to counteract that. One more observation: an economy cannot have more than one money-creating authority. So every country has its own single bank. But with globalisation, as the world is becoming a single economy, we are getting back into the predicament that we had gotten out of. This is not an argument against globalisation, but it is a potential tension point between different countries’ central banks. Inflation management today needs inter-country coordination of policy, inter-central banks coordination of policy and we try to do that already—at G20, for example. 

Actually, fora like the G-20 give central bankers the opportunity to co-ordinate inflation - that is, by "competitive devaluation." Thus, if the US Fed injects US$900 billion through "quantitative easing" (printing currency notes) other central banks must do so in some measure too, otherwise the US dollar will nosedive. I have commented on this in an earlier post, written on the occasion of the recent G-20 meet in Seoul, South Korea.

Anyway, the real solution to inflationism is private money - which means lots and lots of independent private mints producing gold and silver coins. And lots and lots of independent private banks issuing notes that are redeemable in coin on demand.

So, better to chain smoke Bhola King-Size Spliffs than read kaushik basu of corny university, ussa.

I am reaching out for one myself!

Song of the Day: Ganja Spliff by Mr. Perfect. And hot deal of the day - a Bob Marley Spliff Poster for less than US$2!