How Much Money Do We Need?
by George F. Smith
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There will always be people who wish to live at the expense of others. Government does this through taxes and inflation – which is here used as an increase in the money supply – and in modern times, inflation, because it is generally misunderstood by the public, is a politically safer method of confiscation than taxes.
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Fiat paper money regimes are not designed to promote a healthy economy. They are designed as a means of wealth distribution for the benefit of a few.
That probably doesn’t include you, and it definitely doesn’t include me.
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It sure isn’t me!
Here in two paragraphs the author explains the problem with gooferment paper money.
I’m not sure how this all unwinds. We can see in history that: in France, the aristocrats lost their heads; in Germany, Hitler came to power; and in Zimbabwe, the people starve despite the fact that when it was Rhodesia it was Africa’s breadbasket.
As an “old guy”, I may not be here for the final act of this morality play. I think it’s going to make the Great Depression look like fun. All empires pass. And, the passing isn’t pretty for those in the empire.
How do we fix it?
Civic virtue. Honest money. No more Ponzi schemes like Social Security. End welfare. End the Psuedo Drug War. Bring the troops home.
Will it happen?
I pray it will.
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