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To: SeekAndFind
These are just as good. These are IOUs.

Lloyd, "Dumb and Dumber"
4 posted on 01/04/2013 1:12:26 PM PST by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: All
I have a theory and a question.

Theory: All money is nothing more than an IOU. Money is a unit of transfer. It transfers the value of goods or services. Money let's you transfer the value of a good or service to another use, good or service.

Fact: Our government is empowered to print money.

Would it be possible for the Government to pay for itself, WITHOUT taking taxes from the governed?

No taxes, except maybe small, "use taxes".

Theory: With US FED print of money to pay it's bills, there would be no appreciable inflation hit, because our trillion dollar economy would generate a more robust GDP. 6 or 7% growth per year or more!

No taxes and print money

24 posted on 01/04/2013 3:27:24 PM PST by agincourt1415 (Tired of the current State, and Federal Tax System go here: APTTAX.com)
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