Money made simple
So what’s with gold prices rising 40% in the past two years? Precious metal prices are an index of paper money’s real value. Paper money spent for expenses is 100% inflationary. Paper money invested into infrastructure capital isn’t. Why does government misdirect paper money? Republicans should know this better than anyone but they’re the worst perpetrators of squandering the nation’s credit on a permanent war economy. It’s great to love our military but it is an EXPENSE, a socialist make-work program that consumes half our industrial output annually. Is this any way to run our company? Yes, a very stupid, self-defeating one.
It isn’t like this is anything new. Two and a half centuries ago Volatire writes to the Controller-General, ”Sir, You think that we can increase the national wealth by printing paper money. This is not wealth but a sham for the real wealth of produce and manufacture. You have made ten times as much in paper notes as we have in real wealth in money and goods; you are ten times mad.” No sooner had he finished than he was conducted to the lock-up…
Paper money is a double-edged sword. In the hands of fools it will slice up our national wealth. Employed properly into real capital it will accurately reflect the new wealth created by labor. That isn’t so difficult to comprehend. Unless of course, you’re an economist.
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This is the way I see it. This is a great posting.
I have been hunting for a long time for this! Thank goodness I found it on Bing.
Thx
This country is far from beaten. What the brit hasn’t seen is the sleeping anger that american citizens build just before they put their boots on and go to kicking. Our government has foolishly tested those lines this time and it won’t be forgotten.
insightful post
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Great post, thanks. A good quick read.
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