Skip to comments.Gresham's Law of Politicians
Posted on 10/07/2011 1:00:03 PM PDT by Vintage Freeper
It is Gresham's Law of Politicians that leads to ever widening and deepening economic poverty because socialism destroys capital thereby creating the necessity for governments to resort to deficit financing and currency debasement. Gresham's Law of Money is actually the observed effects of the more basic principle of Gresham's Law of Politicians. This is why John Adams and Thomas Jefferson believed that in the end all democracies murder themselves ultimately ending in either bankruptcy or hyperinflation. Ludwig von Mises, the preeminent Austrian economist explained the economics behind Adams and Jefferson with these words, "There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved." Only those that are the problem or part of the problem will refuse to acknowledge that this is soon to be the inevitable fate of the United States unless socialism is abandoned and the Constitution restored. If freedom is to be preserved and the American republic saved, it is going to require the election of statesmen exactly analogous to Ronald Reagan and the Founders. Unfortunately, time is running out and if this political "Hail Mary" is not successfully implemented fairly quickly, America's economic hourglass will simply be drained.
The patriarch of central banking, Mayer Amschel Rothschild, said, "Permit me to issue and control the money of a nation, and I care not who makes its laws."
In the spirit of history repeating and there is nothing new since the Greeks, here are some lines from The Frogs by Aristopanes (405BC):
Often has it crossed my fancy, that the city loves to deal
With the very best and noblest members of her commonweal, just as with our ancient coinage, and the newly-minted gold.
Yea for these, our sterling pieces, all of pure Athenian mould,
All of perfect die and metal, all the fairest of the fair,
All of workmanship unequalled, proved and valued everywhere
Both amongst our own Hellenes and Barbarians far away,
These we use not: but the worthles pinchbeck coins of yesterday,
Vilest die and basest metal, now we always use instead.
Even so, our sterling townsmen, nobly born and nobly bred,
Men of worth and rank and mettle, men of honourable fame,
Trained in every liberal science, choral dance and manly game,
These we treat with scorn and insult, but the strangers newliest come,
Worthless sons of worthless fathers, pinchbeck townsmen, yellowy scum,
Whom in earlier days the city hardly would have stooped to use
Even for her scapegoat victims, these for every task we choose.
O unwise and foolish people, yet to mend your ways begin;
I am not a libertarian. I do not beleive in the imposition of Marxist atheism on the public square and government(s) and culture by the power of money and government.
I am an American-American constitution woman who belives the government has no right to impose atheism on the public square in the name of a false, socialist “separation of church and state” on the public. Whether in the name of Rand and Marx, I beleive in individual freedom.
I think the Judeo-Christian Western ethics of our culture (prior to be cleansed by Marxists) is central to the rest of the constitution. People who only see materialism of value (libertarians and Marxists)and have no morals nor honor are soon criminals unless you have a Marxist police state keeping track of their amoral shysterism. Marxist social ideals and American constitutional economic ideals are incompatible. Freedom requires Western ethics being expected and respected among the elite. Humanism goes with communism.
You might not find me helpful on your libertarian ping list.
Sara, not all libertarians are atheists.
Many recognize that the only real source of liberty is Jesus Christ.
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