The State Is, And Always

It Is Not The Business Of The Law To Make Anyone Good Or Reverent Or Moral Or Clean Or Upright.

It Would Be An Instructive Exercise For The Skeptical Reader To Try To Frame A Definition Of Taxation Which Does Not Also Include Theft. Like The Robber, The State Demands Money At The Equivalent Of Gunpoint; If The Taxpayer Refuses To Pay, His Assets Are Seized By Force, And If He Should Resist Such Depredation, He Will Be Arrested Or Shot If He Should Continue To Resist.

The Ingenious Slogan That The Public Debt Does Not Matter Because 'we Owe It To Ourselves' Is Clearly Absurd.

One Of The Most Important Features Of Our Economic Resources Is Their Scarcity: Land, Labor, And Capital Goods Factors Are All Scarce, And May All Be Put To Various Possible Uses. The Free Market Uses Them 'productively' Because The Producers Are Guided, On The Market, To Produce What The Consumers Most Need: Automobiles, For Example, Rather Than Buggies.

So: If The Chronic Inflation Undergone By Americans, And In Almost Every Other Country, Is Caused By The Continuing Creation Of New Money, And If In Each Country Its Governmental "central Bank" (in The United States, The Federal Reserve) Is The Sole Monopoly Source And Creator Of All Money, Who Then Is Responsible For The Blight Of Inflation? Who Except The Very Institution That Is Solely Empowered To Create Money, That Is, The Fed (and The Bank Of England, And The Bank Of Italy, And Other Central Banks) Itself?