Quote:
Originally Posted by CDSmith
Because, and I'm citing the article I posted as well as a few others I've found since that corroborate it, the reason they don't "just continue to do that" is the fund can no longer generate enough revenue to do so due to it's devaluation of upwards of 40% since the early 90's.
|
Speaking to the notion of the "cost of doing business," I'd like to point out why such a devaluation has taken place. The organization tasked with collecting the fund is the same organization in charge of supplying the money (the U.S. govt.). It should be obvious to anyone with a shred of economic sense, that the "cost" of producing an ever-inflating supply of currency is: there never seems to be enough of it to go around. They print more; more is needed. And before you say, "well duh!" -- consider this: who gets the fresh bills first? Not you or me.
The argument in favor of FIAT money is centered around the notion that the "greater good" is best served by
forcing equality (don't mind the fact that this isn't possible, or even quantifiable). It's called Socialism, and its subjects are forced to accept money that they don't demand, in exchange for services that
nobody deserves. The result is ever-increasing prices on under-appreciated goods. While
this snake is busy eating its own tail, the
honey badger abides.