Friday, December 23, 2016

Just who will pay the debt?

Governments are experts on running up public debts. They are unmatched in spending of every sort and ignoring how to pay for those expenditures. Since they make up the legal tender laws, citizens are required to carry on financial transactions, bound to whatever currency has the official seal. That means that civic obligations are subject to the demands and charges of servicing publicly-financed debts that keep the game of incessant liabilities and an endless cycle for enslavement.

Read the entire essay from the View from the Mount archives

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