"Inflation comes about because our politicians and bankers create billions of new paper dollars out of nowhere. It is, in essence, the same thing as counterfeiting, which if done by a private citizen would result in a jail sentence."
Nelson Hultberg
Inflation happens because of gubment policy. Inflation happens because of intentional gubment policy. Inflation is a disease. Inflation destroys societies.
We should avoid inflation like a bad disease. There is only one cure for the disease of inflation - reduce total spending and the rate at which spending is growing.
Why is inflation created? Because it throws everyone into a higher tax bracket. Why the political reluctance to reduce the spending that causes the inflation? Because reducing gubment spending causes unemployment, necessarily because reducing causes a temporary reduction in the rate of productive output.
BUT WHAT HAPPENS WHEN THE GUBMENT INTENTIONALLY GOES ABOUT REDUCING THE RATE OF PRODUCTIVE OUTPUT? AND WHAT HAPPENS WHEN THE GUBMENT INTENTIONALLY GOES ABOUT CREATING NOT BILLIONS BUT TRILLIONS OF PAPER DOLLARS OUT OF NOWHERE TO DEGREES NEVER BEFORE EXPERIENCED BY ANY SOCIETY AT ANY TIME?
The result? Slavery. The absolute slavery of the current generation and FUTURE generations to that very GUBMENT which demands obeisance. And don't think for a minute that such slavery is not at the core of the minds of the current crop of "administration" "thinkers." This is the very bottom line of the STATIST'S thought.
Obeisance - noun - homage, worship, adoration, reverence, veneration, honor, submission, deference.
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