lewrockwell.com — At least the coins have no interest debt on them - since they are not notes. Story goes to the heart of "THE Question of our times" (since without money nothing else the govt wants to do could be accomplished) ie what is money, how is it created and how it is essentially towards the creation and function of the welfare/warfare state.
Dec 30, 2006 View in Crawl 4
joeyman9Dec 30, 2006Submitter
That last part should read, "and how it is ESSENTIAL towards the creation and function....."
libertyforallDec 30, 2006
If you give ANY government the power to debase the currency it eventually will.History documents that this has happened every single time no matter what form of government is employed.Nonetheless we seem to be unable to learn this elementary lesson...why is that?Because those who control the levers of power understand that inflation is simply a mechanism to transfer the wealth of individuals unto government and it's political beneficiaries.