Welcome to the Front Porch today. Joining us are Henry Hazlitt, Jules Vern, and Ben Franklin. After a few words from me, this should get real lively!!
You know someone has been indoctrinated by public education, Statist media and collectivist academia when:
He's uncomfortable with hard currrency buy-sell rates on the free market.
He'll put his security blanket of ignorance up to the side of his face, insert thumb in mouth, and maintain that there is no 'buy-sell' rate for 'government currency' and that therefore "no one's getting ripped off." Ha ha Alice.
If he were 'duped' into buying a commodity type hard currency, say gold,, 10 years ago, and he held on to it as opposed to say, oh, dollars, he'd have three times (300%) the purchase power today than he would snuggling with his inflation riddled Franklins.
Fact is, entrusting faceless bankers and bureaucrats with 'taking care of the currency supply' is like inviting the vampire into the bedroom. It's not just about visible inflation. Through overt and covert taxation and regulation, our quality of life, standard of living, and, yes, life expectancy are stolen from us by the wizards of monetary Oz----in ways perhaps only calculable by the mind of an Einstein, Stephen Hawkins, or the most imaginative science fiction writer.
The solution: let's stop these Racketeers from the Dark Side. Step One: recognizing them for what they are!!
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Monday, September 27, 2010
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