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http://www.fff.org/freedom/fd0608a.asp There are few things that federal big spenders hate more than gold. Why? Because they know that, historically, gold has provided the best means by which people could protect themselves against the ravages of a rapidly depreciating currency. The mainstream press often uses the term “inflation” to describe rising prices. That’s incorrect. Actually, when the general price level is rising, that’s a result of inflation, not inflation itself. Inflation is the process by which governments print up the money to pay for ever-increasing expenditures. Why not instead simply increase taxes on people in order to get the money to pay for the soaring expenses? There’s an obvious reason: Taxes make people angry at government officials. It’s much easier and safer to simply print the money because then most people have absolutely no idea that the government is behind what is happening. When prices of commodities, goods, and services start rising in response to the depreciating quality of the money, the average person is likely to blame those in the private sector, such as oil companies, speculators, and businessmen, for the woes. Being unaware of economic principles, people will even demand that federal officials impose price controls and excess- profits taxes on the evil offenders, a demand that the authorities are often willing to oblige. That’s why inflation has always been the best friend of big spenders in government. Although clearly a fraudulent way to finance government operations, history has proven that the possibility that such fraud will be figured out by an ignorant and trusting citizenry is minute http://www.fff.org/freedom/fd0608a.asp Tim tim , por tim tim. The paper money of today still contains a hint of what it once represented — a promise to pay money, rather than money itself. Take a dollar bill out of your billfold. Notice that at the top it states, “Federal Reserve Note.” Why is it called a “note”? Because it represents, somewhat perversely, what such a note once constituted for our American ancestors — a promise to pay something, namely gold. Today, such notes are what is termed “irredeemable” — that is, they cannot be redeemed in gold or silver coin. They are promises to pay nothing. Etiquetas: paródia, politica, politiquice
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dezembro 13, 2008 
