556 Monetary Concepts

28/02/2019 2 min
556 Monetary Concepts

Listen "556 Monetary Concepts"

Episode Synopsis

<p>Money is always confusing, so let's review some concepts:</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">There are other ways to pay for public services but only taxes can redistribute concentrated wealth.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">Taxes are a mixed bag of who pays and who benefits, often counterproductive.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">Really, only the Nouveau Aristocracy need to pay taxes.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">Taxes aren't necessary as long as production is high and the money printing presses are hot.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">States all tax differently because people are confused about what they are for.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">Small Business shouldn't be in the tax collection business for The State.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">Treasuries represent debt; no need to issue them, just print money.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">The Fed's primary power is the ability to print money.</p>
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<p style="margin-bottom: 0in; font-style: normal; font-weight: normal;">If gold were money, an aristocracy would own everything.</p>
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<p style="margin-bottom: 0in;">You may get your news somewhere else but take your advice from me, the Wysest Myn in the Wyrld.</p>
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