Government has no remaining resources, but to our peril it does have a printing press.
No matter what grandiose terms our elected leaders couch it under, there are only three ways to pay for this largesse. Certainly they can deprive productive enterprise of the resources necessary to generate economic growth via confiscatory taxes. But the disincentives ensconced in progressive taxation render it self-defeating. Washington can borrow, thus diverting capital from those endeavors actually prospering society. Another economic retardant. Or, they can inflate their way out of the mess by debasing our currency.
Bet on the latter. Fiat currency has proven throughout history to be as pernicious as any evil yet devised in its consequences for free society. Inflation is how they steal from us. Taxes take your money. Inflation leaves the money, but takes its value.
We are headed for the apocalypse with all the politicians (except Ron Paul) on board with guns a'blazing. Damn the torpedoes and full steam ahead, straight into oblivion. Is there no end to the insanity? Stay tuned...
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