[Ohioan]

The economic chaos, being sown by the Obamanists, forces realists to reexamine traditional monetary theory, and consider what may be needed to climb out of the rubble that will follow the present lunacy in Washington.

[Paperdoll]

BUMP

[Paperdoll]

BUMP

[Bean Counter]

The only option we will have once the chaos is over is to amend the Constitution to mandate a bi-metallic monetary standard, abolish income taxes of all kinds, and limit the ways that the Federal government is allowed to raise money, and what they are allowed to spend it on.

There’s a lot more to do besides that, but you get my drift...

[NewJerseyJoe]

P4L

[FromLori]

Related

http://www.lewrockwell.com/sardi/sardi137.html

[Ohioan]

Bump

[Jack Black]

Nice to see some writings from Mr. Flax. I really enjoyed the postings from his site about four or five years ago but he just disapeared.

Good topic, too. As I recall he used to write on the cold war fallout and things like that.

[Ohioan]

bump

[Ohioan]

bump

[Ohioan]

To take a look at another aspect of Leftist monetary policy, consider the effect on so-called "Capital Gains" taxation:

Capital Gains Taxation.

[Ohioan]

To grasp the full horror of fiat money inflation, one needs to understand the deferred effect of what has already happened on every right denominated in dollar tersm:

Every account; every payment due to you or your loved ones; every policy of insurance, payable in dollars, etc., etc..

If the effect were immediate, we could be taking remedial actions; but because much of the new fiat money is held in reserves, is in effect dammed up, one can only speculate as to when the dam will break. In the meantime, every business still requires cash. People still need insurance policies--even though there may come a point where the benefits are virtually worthless. We still must measure future plans in "constant" dollars.

The problem is being largely ignored by the Federal establishment.