A Parable
A baker came into town and started selling bread for less than the other bakeries. This baker had extraordinary power – it not only could set lower prices, it could require the other bakers to sell their bakeries to the Big Baker or just leave.
Big Baker took over the supplying of bread for the whole town; it could sell bread cheaper because it got financial aid from the Really Big Baker in Washington. And so it went until Big Baker cornered the market in supplying bread to 8.7 million people. The people were happy with cheap bread.
Then one day, some of the people complained that they could buy bread cheaper from a baker on the edge of town. But Big Baker would not let them buy bread from another baker. This made Big Baker very mad because they were going to have to increase the price of bread even more because the Really Big Baker cut off its supply of extra money.
What to do? Big Baker thought and thought and finally came up with a plan where it borrowed money and obligated the same people it was supplying bread to without the people realizing it. Wow! Big Baker had now borrowed $25,000,000,000 ($25 billion) dollars! And “Nya-na-na-na-na the people still would be responsible for it and still buy my bread!”
It could be called stealing.
Now Big Baker’s equipment is getting old and outdated and other bakers are clamoring to get inside Big Baker’s market using some of Big Baker’s distribution routes and selling bread even cheaper.
Then the people began to realize that Big Baker was taking their money and not spending it like regular bakers do. Because of their power, they paid no taxes to the town or to anyone else. Oh, they paid off a few townspeople here and there.
And that, my friends, is the parable of the TVA, the federal government, and it is time to get rid of Big Baker and get one where we set the price of bread, not Big Baker.
Ernest Norsworthy
5/13/07
A baker came into town and started selling bread for less than the other bakeries. This baker had extraordinary power – it not only could set lower prices, it could require the other bakers to sell their bakeries to the Big Baker or just leave.
Big Baker took over the supplying of bread for the whole town; it could sell bread cheaper because it got financial aid from the Really Big Baker in Washington. And so it went until Big Baker cornered the market in supplying bread to 8.7 million people. The people were happy with cheap bread.
Then one day, some of the people complained that they could buy bread cheaper from a baker on the edge of town. But Big Baker would not let them buy bread from another baker. This made Big Baker very mad because they were going to have to increase the price of bread even more because the Really Big Baker cut off its supply of extra money.
What to do? Big Baker thought and thought and finally came up with a plan where it borrowed money and obligated the same people it was supplying bread to without the people realizing it. Wow! Big Baker had now borrowed $25,000,000,000 ($25 billion) dollars! And “Nya-na-na-na-na the people still would be responsible for it and still buy my bread!”
It could be called stealing.
Now Big Baker’s equipment is getting old and outdated and other bakers are clamoring to get inside Big Baker’s market using some of Big Baker’s distribution routes and selling bread even cheaper.
Then the people began to realize that Big Baker was taking their money and not spending it like regular bakers do. Because of their power, they paid no taxes to the town or to anyone else. Oh, they paid off a few townspeople here and there.
And that, my friends, is the parable of the TVA, the federal government, and it is time to get rid of Big Baker and get one where we set the price of bread, not Big Baker.
Ernest Norsworthy
5/13/07
