Given that the political parties have done nothing to solve the government's financial mess or to even reduce its magnitude, and given that everything they have done including the prescription drug benefit, the war in Iraq, and the bailouts of Wall Street only makes the problem worse, I can only conclude one of two things. Either they "plan" to resort to hyperinflation to pay for this mess, or they are collectively dumb as a sack of horse manure. Remember, hyperinflation is not just very high prices; it is social chaos and the breakdown of social order. At a basic level our lives are built on a structure of prices that we ourselves co-determine, but in a hyperinflation there is no solid basis for prices and therefore our lives are thrown into chaos. Society becomes more violent and criminal. Government, too, becomes more violent and criminal towards its own citizens.
Saturday, November 15, 2008
Monetary Freedom and Its Opposite
We are now at a point in time when the US government is bankrupt. It cannot pay its bills, it cannot pay off its debt, and it has future unfunded liabilities with a current value in excess of $60 trillion dollars—and that was before all the current bailout packages!
Given that the political parties have done nothing to solve the government's financial mess or to even reduce its magnitude, and given that everything they have done including the prescription drug benefit, the war in Iraq, and the bailouts of Wall Street only makes the problem worse, I can only conclude one of two things. Either they "plan" to resort to hyperinflation to pay for this mess, or they are collectively dumb as a sack of horse manure. Remember, hyperinflation is not just very high prices; it is social chaos and the breakdown of social order. At a basic level our lives are built on a structure of prices that we ourselves co-determine, but in a hyperinflation there is no solid basis for prices and therefore our lives are thrown into chaos. Society becomes more violent and criminal. Government, too, becomes more violent and criminal towards its own citizens.
Given that the political parties have done nothing to solve the government's financial mess or to even reduce its magnitude, and given that everything they have done including the prescription drug benefit, the war in Iraq, and the bailouts of Wall Street only makes the problem worse, I can only conclude one of two things. Either they "plan" to resort to hyperinflation to pay for this mess, or they are collectively dumb as a sack of horse manure. Remember, hyperinflation is not just very high prices; it is social chaos and the breakdown of social order. At a basic level our lives are built on a structure of prices that we ourselves co-determine, but in a hyperinflation there is no solid basis for prices and therefore our lives are thrown into chaos. Society becomes more violent and criminal. Government, too, becomes more violent and criminal towards its own citizens.
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