“To question money-printing as the one-size-fits-all solution to every economic problem is to question the power structure of the status quo.” – C H Smith
It is tiresomely obvious that we live in an era dominated by the idea that virtually all economic difficulties can be fixed by printing more money. There are various means of distributing the new money, but the dominant ideology is really very simple:whatever the problem might be, the solution is to print more money and/or issue more credit.
If the problem persists, clearly, we didn’t print enough money/credit.
That such a simplistic formula might not work cannot be questioned, as money-printing is the source of all political and financial power. To question money-printing as the one-size-fits-all solution to every economic problem is to question the power structure of the status quo.
And that, of course, is not allowed.
Today’s essay on money-printing and power was written by longtime contributor/ essayist Jeff W. Jeff titled his commentary How You Can Tell If You Are Living under the Rule of Money Printers.
Jeff W. ~ How You Can Tell If You Are Living under the Rule of Money Printers
“In most of human history, people have lived under the rule of taxing authorities. The way a taxation system works is easy for anyone to understand. Businesses and individuals pay taxes to the state, and the state spends that tax money on armies, road construction, police, courts and jails, education, propaganda, lavish lifestyles for the top dogs, etc.