"He will put the sheep on his right and the goats on his left."
Matthew 25:33

Tuesday, December 30, 2008

What Has government Done to Our Money

The paragraph below is from the book "What Has government Done to Our Money" written by Murray N. Rothbard. This is exactly what our government is doing. On top of taxing us, they are printing more money to do things such as send us stimulus checks and bail out financial institutions and the auto industry. Lets not forget the fact that our elected officials give themselves raises with the money that's created from thin air. See post below. I urge everyone to read this book. It is short, simple, yet very effective in pointing out the folly of our present monetary system.

Taxation, however, is often unpopular, and, in less temperate
days, frequently precipitated revolutions. The emergence
of money, while a boon to the human race, also
opened a more subtle route for governmental expropriation
of resources. On the free market, money can be acquired by
producing and selling goods and services that people want,
or by mining (a business no more profitable, in the long
run, than any other). But if government can find ways to
engage in counterfeiting—the creation of new money out of
thin air—it can quickly produce its own money without
taking the trouble to sell services or mine gold. It can then
appropriate resources slyly and almost unnoticed, without
rousing the hostility touched off by taxation. In fact, counterfeiting
can create in its very victims the blissful illusion of
unparalleled prosperity.

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