GOVEROTRAGEOUS: You can’t save your way out of inflation

Tuesday, October 13, 2026

https://phoenicianleague.com/podcast-episode-26-there-is-no-alternative-but-inflation-neal-mcspadden-on-the-cantillon-effect-inflation-taxes-and-hard-money/?utm_source=aweber&utm_medium=email&utm_campaign=she-paid-80-000-in-tax-on-a-gain-that-didn-t-exist

Podcast Episode 26: There Is No Alternative But Inflation — Neal McSpadden on the Cantillon Effect, Inflation Taxes, and Hard Money

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For our podcast episode this week, I sat down with Neal McSpadden of Tax Sherpa to discuss his recent article: There Is No Alternative But Inflation.

The article starts with a distinction that so many people fail to make: saving and investing are two different things. And because it’s impossible to save in currency that’s constantly being debased, the current system forces everybody to be an investor… or get left behind.

But the system is even more insidious than that.

Neal told the story of a client who sold a California home she had owned for years and owed about $80,000 in taxes on the paper gain. She thought she made a nice chunk of change.

But when Neal ran her purchase price through the Bureau of Labor Statistics (BLS) inflation calculator, her real gain was essentially zero. That $80,000 was almost entirely inflation… but she paid taxes on it as though she had made money.

We had a wide-ranging conversation from there, including getting into the DOGE situation and what Neal learned from it.

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Back in the days before the federal reserve 1913, people saved in gold coins stashed away in their living quarters are buried near them. From the 1850s to 1913, prices declined gently since discovering more gold and making more gold coins was relatively difficult.

Ever since 1913, the US dollar has lost its purchasing power. Estimates as high as 99% seem reasonable.

“Gold remains the only financial asset that’s not simultaneously someone else’s liability” – Doug Casey

“Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.” — Llewellyn Rockwell

It’s no wonder that crypto has exploded. Personally, I prefer: silver, nickels, bitcoin, and gold.  YMMV!

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Friendly Neighborhood Liberty Dollars – LD Network

Saturday, April 20, 2019

In 1991, a man named Paul Glover introduced what would become the most successful Community Currency to date: Ithaca Hours, which are based on one hour of human labor. A single Hour is valued at $1…

Source: Friendly Neighborhood Liberty Dollars – LD Network

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Well the "Don Quixotes of Money" are back with a new run at the fiat currency call the "dollar" aka "Federal Reserve Banknote". Derogatorily called a "FRBie" in the hard money & survivalist communities.

 If you remember the original episode, then you'll remember that when their idea of an alternative currency began to get traction, the politicians and bureaucrats came down on them with a "heavy hammer". (To bad, I was not on that jury. How anyone could confuse a big silver coin or a strange sized colorful bill as a "greenback" was beyond me.)
Having dodged a long prison sentence for “counterfeiting”, I thought that this would fold like most “community currencies”.  But I was wrong.  
Now they have still repeated the original mistake of using the word "dollar".  Of course, the current FRBies bear as much resemblance to the original "dollar" aka Thaller as I do an Olympic Athlete in any sport. Well maybe sumo.


I’ll probably buy a few as a conversation starter.  Maybe even for a 1K oz of silver, (15.07 * 1,000 = 15,070), I’ll have some “Kendall Park”, “South Brunswick”, or maybe even “Tyne Court” dollars printed.  Laugh!




I really admire the tenacity of these “hard money champions”.  Like the “Charge of the Light Brigade”, “Custer’s Last Stand”, Stalingrad, Agincourt, history is littered with historical examples of the hopeless and hapless casualties of stupidity.




All that being said, I hope that they can impact the discussion of "hard money" versus "fiat money" that we have now. To see the human cost of the unConstitutional "money", we just have to look at the welfare / warfare state, the national debt that will never be repaid, the unfunded liabilities of Gooferment promises & "pensions", as well as the destruction of savers and investors.  Hard to itemize all the bad things that happened when Jackson, Lincoln, Wilson, FDR, and Nixon got involved in "money".  Argh!  

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