Commodity Trade Mantra

Posts Tagged ‘Taxation’

The Cultural and Political Consequences of Fiat Money

Fiat money allows government to take out loans to an unlimited extent because fiat money by definition can be produced without limitation, without commercial limitation or technological limitation, and can be produced in whatever amount is desired. Fiat money also has a very important impact on our culture.

How Inflation Picks Your Pocket

The Federal Reserve that’s responsible for inflation (a redistribution of wealth from late-receivers, who are taxed, to support early-receivers), is more like a pickpocket & you don’t even see its hand in your pocket. Of course the government itself is among the earliest receivers, so it is one of the chief beneficiaries of inflation.

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