[BfloGuy]

It is neither an accident of history nor an inevitable result of being an "advanced" economy that the financial sector of the economy has grown all out of proportion to the others. It is simply that, when making money by speculating on money becomes more profitable than producing consumable goods, people will do so.

There would be no investment of money in money if its quantity was stable and its purchasing power constant.

[TalBlack]

We would all be hard pressed to think of a current ill that isn’t caused by leftisim. for instance there is a spot on the radio about the scads and scads of kids going hungry in NY, ground zero for welfare and every other giveaway program known to man. And yet the spot is probably accurate. When you allow babies to go home with mothers who are drug heads and or otherwise unable to support the child there WILL be a problem. And this after you instituted programs that guarantee no dad in the home. See the crime stats there. And on it all goes.

[Dalberg-Acton]

If more people became independent of the government . . . well, the government doesn’t want THAT.

[lurk]

Our high school senior did a research project on redistribution last year, and became very interested in the subject.

Now she is doing a college research paper on cause-effect. My assignment for her is to trace the cause and effect of free money, goods and services for the ‘poor’ and the ‘disabled’ on the family, the economy and the moral/ethical heart of our country.

Having done her research, she is so stricken, she is ready to run for Congress a few yards to the right of the TEA party.

[mjp]

The expansion of the money supply, made possible through central banks and fractional reserve banking, is in reality what allows inflation, and thus, declining income in real terms.

Some additional destructive effects of inflation are:

1) perversion of the institutions of representative government by removing the financial dependence of the government on the citizenry and making the citizens appear to be dependent on the government
2) the consequent growth on the size of government
3) the redistribution of wealth and income, which further contributes to the growth in the size of government through its creation of impoverishment
4) the undermining of saving and capital accumulation, which has the same effect as the previous point
5) increased hostility to profits and interest accompanies by the treat of price-and-wage controls and thus the chaos and tyranny of socialism
6) the likelihood of a renewed acceleration of inflation