Government spending is the ultimate tax on the economy
Milton Friedman
Economic Nobel Laureate
Why did the US stop exchanging paper dollars for gold and silver
after printing more without raising taxes
to pay for Vietnam and socialized benefit programs?
Have American legislators and the Federal Reserve
been abusing the dollar’s status as a reserve currency
to avoid overtly raising domestic taxation
by covertly taxing US dollar denominated assets like oil
by over-printing money?
Are taxes rising or falling if workers, savers and investors
are exposed to inflationary capital confiscation?
…initially, in the late 1990’s
we attempted to speculate our way to prosperity
via the stock bubble
And then, when that didn’t work
we attempted to borrow our way to prosperity
during the real estate bubble
Of course, those two ended the way they did
in an epic disaster
and now we’re trying to print our way to prosperity…
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