True enough.
But I’d actually favor that we repealed the 16th Amendment and we got rid of all income taxes, and just ordered the Treasury to print the money it needed (excise/duties would still be allowed). Because if Congress overdoes it with spending, the value of money goes down... and when the people see the price of bread and milk start to inflate by double or even triple digits due to reckless spending, they will demand a change to spending habits and demand a budget that makes sense. It would change the entire political dynamic. It could even finally end this idiocy we have of “2 party politics”.
Instead what we have is this game where a “central bank” issues “bonds” that others “invest cash” in to float the government a “loan” to cover its deficits. It is a house of cards that will eventually collapse anyway. Might as well get it over with now so the whole of society will get a real education on economics.
As soon as the government took silver and gold out of our normal coinage, “money” became worthless. Curious how 1964 was the last year silver was used, as it seems the country went to hell right afterwards.