Governments are like primitive cannibals feasting on a great treasure trove of sheeple. You canít force them out, and you canít vote them out. But you can sure as hell starve them out. When enough people pick up and leave, essentially voting with their feet, it accelerates the system crash.
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation.
They tell us that the government can spend and spend without taxing at all, that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves". Such pleasant dreams in the past have always been shattered by national insolvency or a runaway inflation. All government expenditures must eventually be paid out of the proceeds of taxation and inflation itself is merely a form, and a particularly vicious form, of taxation.
Every week, 1 message, 3 quotes on finance.