Endless debt and infinite money enables endless and infinite government. For a variety of reasons we must remove from government the power to create money out of thin air by which it:
1) puts us all in debt serfdom to pay the interest;
2) diminishes the purchasing power of the money we have saved;
3) buys votes with constituency groups that become dependent upon “benefits” that become a form of “in-kind income” that competes against paying jobs at the lower skill levels;
4)is able to finance going to war even when citizens would not vote to pay additional taxes to support it;
5) expands bureaucracies, the things they regulate and the number of armed people they employ to find and arrest people who violate regulations they didn’t even know existed, or even violating foreign laws. Recall that Gibson Guitar was raided for importing wood that lacked the proper label. Excess bureaucracy sent Abbie Schoenwetter to federal prison for shipping lobster in plastic instead of cardboard. Excess bureaucracy defines the drainage ditch in your back yard as a federally protected “navigable waterway” that you are forbidden to “disturb”.
A government that can create its own money does not have to ask taxpayers for permission to spend more to feed its self-serving spending. When states start calling for a Convention to consider amendments to the Constitution, the first topic must be to restrain federal spending. A government that must live within its means is a government that must focus on the important things rather than imposing evermore intrusive laws and regulations having the weight of law.
Every day more people are coming to the judgment that a carefully organized effort to repair the constitution via the States’ power to propose and ratify amendments has less risk to our liberty and prosperity than the present trajectory of the federal government and especially the federal bureaucracy.
Great Post!
Where did you get all that common sense?