Doubletap
VIP Member
- Dec 28, 2012
- 451
- 131
"The government has no source of revenue, except the taxes paid by the
producers. To free itselffor a whilefrom the limits set by reality,
the government initiates a credit con game on a scale which the private
manipulator could not dream of. It borrows money from you today, which
is to be repaid with money it will borrow from you tomorrow, which is to
be repaid with money it will borrow from you day after tomorrow, and so
on.
This is known as deficit financing. It is made possible by the
fact that the government cuts the connection between goods and money. It
issues paper money, which is used as a claim check on actually existing
goodsbut that money is not backed by any goods, it is not backed by
gold, it is backed by nothing. It is a promissory note issued to you in
exchange for your goods, to be paid by you (in the form of taxes) out of
your future production" --Ayn Rand
producers. To free itselffor a whilefrom the limits set by reality,
the government initiates a credit con game on a scale which the private
manipulator could not dream of. It borrows money from you today, which
is to be repaid with money it will borrow from you tomorrow, which is to
be repaid with money it will borrow from you day after tomorrow, and so
on.
This is known as deficit financing. It is made possible by the
fact that the government cuts the connection between goods and money. It
issues paper money, which is used as a claim check on actually existing
goodsbut that money is not backed by any goods, it is not backed by
gold, it is backed by nothing. It is a promissory note issued to you in
exchange for your goods, to be paid by you (in the form of taxes) out of
your future production" --Ayn Rand