[JohnGalt]

"If the government kept a ‘rainy day fund’ as so many politicians suggest, then not only would we remove money from the economic cycle but we also would not need to issue bonds to fund the recovery from a disaster..."


When the DC tax regime collects a tax or prints $100 billion to sell on the open market, value is removed from the free market place. This author is a phony apologist for a decrepit tax regime.

[mnehring]

The author (me) actually is no apologist for any tax regime and is a strong supporter of a flat tax system. Based purly on economics, however, and the system we currently have, the issuance of government bonds is one of the best ways to keep the valuation of the dollar stable duing trying times.

One cannot separate taxes or the Federal Reserve from any discussion of the US Economy because, like it or not, they are directly tied to the economic system of this country.

Is this ideal, probably not. But it is reality.